You can get this free cryptocurrency-if “Orb” scans your eyes

However, Altman stated that the system is secure and the company does not store user data. Each picture of Iris will be converted into a digital code called IrisHash, which will be stored in the Worldcoin database to check future IrisHashes and refuse to send coins to known users; the picture itself will be deleted from the database. “We take a picture of your iris, we don’t even store it, we calculate a code from it, the code is uploaded, but the image is never,” Altman said. “Except for that picture, we don’t know more about you.”

Currently, Worldcoin is actually running a pilot, involving about 30 Orbs in various countries, and storing a large amount of data, including images of people’s eyes, bodies, and faces, and their 3D scans, according to the company’s own statement. advertising material. “Without it, we will not be able to share Worldcoin with everyone on the planet in a fair and tolerant manner. But we can’t wait to stop collecting it, and we want to make it clear that selling your personal data will never be our business,” an article titled “ “Privacy during the field test” blog post wrote. In Worldcoin’s so-called “field test phase”, these images are collected to improve the fraud detection algorithm that powers Orbs. This phase may continue until early 2022; once the algorithm is “fully trained”, the data collected until then will be deleted.

Alex Blania, who co-founded the company with Altman and Max Novendstern, explained that the Orb system allows for beneficial “incentive adjustments.” Not only will people be attracted by the prospect of getting something for free, but a group of Orb Operators will actively recruit them to get their rewards. (In turn, Worldcoin has been recruiting people to recruit Orb Operators, According to the advertisement posted on the Kenyan recruitment announcement).

Worldcoin itself will continue to be responsible for distributing Orbs and kick out any operators who try to tamper with the device to obtain unnecessary rewards (for example, by scanning someone twice). Can Orb Operators earn rewards by secretly scanning the irises of ignorant people who have never heard of Worldcoin? Blania said the company is testing a fraud detection system, adding that he cannot be “very specific.” However, in theory, the company can use indicators such as whether users actually claim Worldcoin or conduct any transactions to detect bad behavior and eradicate sneaky Orb-ers.

During the pilot process, more than 130,000 users received their Worldcoins-60,000 last month. So far, the project has used 30 Orbs operated by 25 entrepreneurs from different countries such as Chile, Kenya, Indonesia, Sudan and France. Blania estimates that the output of the new Orbs will increase to 50,000 devices per year, which is the basis for the forecast of 1 billion users.

The release date of the actual token has not yet been announced, and the token will be released on the Ethereum blockchain as an ERC-20 token. A person familiar with the matter said that it should be launched in early 2022. For Altman, this will be just the beginning of a “wonderful and grand social experiment” on the power of the Internet, and a dress rehearsal for UBI’s ambitions in the future. “I believe you do an experiment, you do the first thing, and then you study, you will find that all kinds of things are effective here and what we can improve,” he said. “There will be many answers to how things like this become closer to UBI.”

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