I have read the whitepaper of the Worldcoin which was co-created by Sam Altam who is the CEO of OpenAI.

You can find the whitepaper here:
https://whitepaper.worldcoin.org/

The whitepaper is very lengthy and intense. It says all the practical problems regarding the world id and the system.

Here is the summary of the whitepaper for you:

Worldcoin aims to introduce a new, global digital currency that is accessible to everyone around the world. To ensure fair distribution, Worldcoin uses a unique approach to verify human identity without compromising privacy. Here’s a summary of the key points from its whitepaper:

Identity Verification: Worldcoin proposes the use of a novel hardware device called the "Orb" to perform a secure, biometric scan of individuals' eyes. This process creates a unique, anonymized hash used to verify that each participant is a real, unique human being without needing to store personal biometric data.

Privacy and Security: The system is designed with privacy at its core. Biometric data is processed to generate a unique identifier but is not stored or shared, ensuring users’ privacy is maintained.

Token Distribution: Worldcoin aims to distribute its tokens as broadly as possible to ensure widespread adoption. Participants verified by the Orb are eligible to receive an initial share of Worldcoin tokens, promoting an equitable distribution model.

Global Accessibility: By making Worldcoin accessible to anyone with a smartphone or internet access, the project aims to create a truly global currency. This inclusivity could help bring financial services to the unbanked and underbanked populations worldwide.

Ecosystem Development: The project plans to develop a robust ecosystem around Worldcoin, encouraging developers to build applications that utilize the currency and its identity verification system. This could lead to a wide range of services, from financial tools to social media platforms, that leverage the unique features of Worldcoin.

Governance and Sustainability: Worldcoin is designed to be a decentralized project with governance structures in place to ensure its long-term viability and adaptability. The community of token holders will have a say in key decisions, helping to shape the project's future direction.

Worldcoin's ambitious goal is to create a digital currency that is not only universally accessible but also secure and private. By leveraging advanced technology for identity verification, Worldcoin seeks to address some of the most significant challenges facing the adoption of digital currencies today.

The key hardware to collect the human data is the Orb:

It is not a simple device to just collect the iris data. It has a hardware to handle the iris data on device.

Anyway, the core of the Worldcoin is the iris data which verifies that the data is from human or not.

Ingan Project

I have an alternative idea. I think there is a way to verify if a person is a real human without collection the iris data.

I am preparing the whitepaper of this project which will be much more concise than the Worldcoin one.

About the Ingan Project

You can find the some information about the Ingan Project here:
https://blog.etain.club/hive-185836/@etainclub/a-new-project-begins

https://blog.etain.club/hive-185836/@etainclub/ingan-project-designing-landing-screen

The project will be on the STEEM blockchain.

#worldcoin #orb #whitepaper #ingan #ai #robot #steem

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