World App Wallet Gets New Facial Recognition Feature
Key Points:
- Worldcoin is testing a new facial recognition feature, Face Auth, for its World App wallet.
- Face Auth competes with biometric technologies from Apple and Google.
Worldcoin, a proof-of-humanity project, has introduced a new feature, Face Auth, for its World App wallet.
Read more: Worldcoin Account Sales Under Investigation In Singapore Over Security Risk
Worldcoin Announces Face Auth for World App Wallet
The facial recognition technology is designed to afford a secure, private 1:1 face comparison to make sure that it’s only accessible to the person who verified their World ID through one of Worldcoin’s iris-scanning orbs. These can be used to improve security around various applications related to online purchases, financial transactions, or secure logins.
The World App wallet is the official cryptocurrency wallet of the Worldcoin ecosystem, allowing for seamless interaction with the project’s ecosystem. The wallet allows users to store, send, and receive the Worldcoin token, WLD.
Besides this, the wallet helps users receive weekly Worldcoin Grants, which is a reward system for its users. The Worldcoin reportedly estimates that close to 15 million people globally use the World App, with 6.7 million people having been verified for their personhood through its iris-scanning technology.
Presently, facial recognition through the World App wallet is only in test mode and implemented only in selected locations. By adding this feature, Worldcoin directly competes with Apple and Google, which have monopolized biometric authentication for years.
What sets Worldcoin’s Face Auth apart from current solutions is flexibility concerning mobile platforms, and it is planned to be open-sourced later. This approach shows the ambition of the company to be included among the key players for identity infrastructure in the future.
Worldcoin’s Bet on Digital Identity and Privacy Education
Besides financial applications, Face Auth unlocks a wide array of uses ranging from healthcare to other sensitive services. Worldcoin is consequently betting on privacy-centric biometric authentication as it is increasingly significant in the development of secure digital identity across the world economy.
In addition to Face Auth, Worldcoin has published a series of videos describing its guiding principles to the general public. It also expounds on the features of SMPC, zero-knowledge proofs, and consent in digital interaction.
Face Auth was launched months after the release of Worldcoin’s SMPC system early this year, which was intended to further secure sensitive data.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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World App Wallet Gets New Facial Recognition Feature
Key Points:
- Worldcoin is testing a new facial recognition feature, Face Auth, for its World App wallet.
- Face Auth competes with biometric technologies from Apple and Google.
Worldcoin, a proof-of-humanity project, has introduced a new feature, Face Auth, for its World App wallet.
Read more: Worldcoin Account Sales Under Investigation In Singapore Over Security Risk
Worldcoin Announces Face Auth for World App Wallet
The facial recognition technology is designed to afford a secure, private 1:1 face comparison to make sure that it’s only accessible to the person who verified their World ID through one of Worldcoin’s iris-scanning orbs. These can be used to improve security around various applications related to online purchases, financial transactions, or secure logins.
The World App wallet is the official cryptocurrency wallet of the Worldcoin ecosystem, allowing for seamless interaction with the project’s ecosystem. The wallet allows users to store, send, and receive the Worldcoin token, WLD.
Besides this, the wallet helps users receive weekly Worldcoin Grants, which is a reward system for its users. The Worldcoin reportedly estimates that close to 15 million people globally use the World App, with 6.7 million people having been verified for their personhood through its iris-scanning technology.
Presently, facial recognition through the World App wallet is only in test mode and implemented only in selected locations. By adding this feature, Worldcoin directly competes with Apple and Google, which have monopolized biometric authentication for years.
What sets Worldcoin’s Face Auth apart from current solutions is flexibility concerning mobile platforms, and it is planned to be open-sourced later. This approach shows the ambition of the company to be included among the key players for identity infrastructure in the future.
Worldcoin’s Bet on Digital Identity and Privacy Education
Besides financial applications, Face Auth unlocks a wide array of uses ranging from healthcare to other sensitive services. Worldcoin is consequently betting on privacy-centric biometric authentication as it is increasingly significant in the development of secure digital identity across the world economy.
In addition to Face Auth, Worldcoin has published a series of videos describing its guiding principles to the general public. It also expounds on the features of SMPC, zero-knowledge proofs, and consent in digital interaction.
Face Auth was launched months after the release of Worldcoin’s SMPC system early this year, which was intended to further secure sensitive data.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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