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LONDON/TOKYO/BENGALURU, July 25 (Reuters) - People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators.
Founded by Sam Altman, the CEO of ChatGPT developer OpenAI, the Worldcoin project says it aims to create a new "identity and financial network" and that its digital ID will allow users to, among other things, prove online that they are human, not a bot.
The global digital passport is set to be stored locally on users’ mobile devices and used to prove their identity in a privacy-centric manner. World IDs will use zero-knowledge proofs to protect the underlying data, including biometrics, Know Your Customer and Anti-Money Laundering data.