break into the U.S<\/a> and is just starting to scale up now.<\/p>\n\u201cSo it\u2019s not just a regulatory issue, it\u2019s a logistics issue,\u201d Traina emphasized. \u201cOnce we have a lot of these Orbs, then we can be in more places.\u201d<\/p>\n
Tools For Humanity, a tech company co-founded by OpenAI CEO Sam Altman, is the primary developer of the project.<\/p>\n
The Sticking Point<\/p>\n
World claims that biometrics are processed, encrypted and then sent directly to the user\u2019s phone, with all data deleted from the Orb\u2019s storage afterward.<\/p>\n
\u201cThis project is not taking your biometric information. If anything, they\u2019ve almost invented a way to allow you to use biometrics without really giving away biometrics,\u201d Traina stated.<\/p>\n
Not Competing With National ID Systems<\/p>\n
So, what incentives exist for countries with established biometric national digital IDs to permit their citizens to enrol in an ID program of a U.S.-based private company?<\/p>\n
\u201cOur goal is not to replace national ID systems, or driver\u2019s licenses, or stuff like that. We are a more fundamental,
a more profound tool, so we prove with the highest certainty that the user of our ID is a unique human being and not a bot,\u201d Traina said.<\/p>\n
Price Action: To encourage users to verify their humanness, the project distributes free cryptocurrencies, namely WLD.<\/p>\n
At the time of writing, the token was exchanging hands at $0.3130, up 4.24% in the last 24 hours, according to\u00a0data from Benzinga Pro. Since peaking in early 2024, it has erased 97% of its value.<\/p>\n
Photo courtesy: Tools For Humanity<\/p>\n","protected":false},"excerpt":{"rendered":"Trever Traina, Chief Business Officer of Tools For Humanity, said that the World Network faces not just regulatory…\n","protected":false},"author":2,"featured_media":33371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150],"tags":[10389,22401,1638,215,213,212,581,10390,10391,10393,527,10751,22402,22403],"class_list":{"0":"post-33370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sam-altman","8":"tag-category-cryptocurrency","9":"tag-category-exclusives","10":"tag-category-markets","11":"tag-category-news","12":"tag-cms-wordpress","13":"tag-pageisbzpro-bz","14":"tag-sam-altman","15":"tag-symbol-btc","16":"tag-symbol-doge","17":"tag-symbol-zec","18":"tag-symbol-nvda","19":"tag-tag-artificial-intelligence","20":"tag-tag-crypto-currency","21":"tag-tag-worldcoin"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116432968266171828","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/33370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=33370"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/33370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/33371"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=33370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=33370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=33370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}