Imagine stepping into a future where your eye, iris is the passport you have that will be used to identify you and grant you access into the digital world.The brain behind it? None other than Sam Altman, the CEO of OpenAI and co-creator of ChatGPT. What Is WorldCoin- Open AI
Altman, along with Alex Blania and Max Novendstern, co-founded the cryptocurrency initiative platform known as Worldcoin. It combines AI technologies with cryptocurrencies and blockchain in an open source protocol to give anyone and everyone access to a global economy.
Worldcoin is decentralized, like other cryptocurrencies, which simply means the decisions are made by users and not a centralized entity, such as a bank. It took 2 years to develop this project. It seeks to address income inequality through a unique World ID.
- A unique and personal digital identity that can be used globally.
- A global currency via Worldcoin tokens.
- Payments, transfers and purchases using cryptocurrency or traditional assets can be perform in the App all you need to do is download the WorldCoin APP.
How does Worldcoin work?
Worldcoin is different from other popular cryptocurrencies, such as Bitcoin and Ethereum, because it offers people a token for the future without requiring any investment funds upfront. The Worldcoin project aims to help create a global economy for all, regardless of country or economic status.
To get Worldcoin, people just need to scan their eyes through a sphere-shaped device called the Orb to ensure everyone is human and only signs up once. The unique identifier is taking center stage as AI continues to get enhanced, and proving someone is a person versus a machine is vital with the rise of AI.
Irises are distinct and different for each person, similar to fingerprints. The iris structure of the user’s eyes is used by the Orb to generate a special identifying code that serves as the person’s unique identifier. The code is then saved on the Worldcoin decentralized blockchain to prevent others from replicating the code and accessing the user’s account without permission. The scans are anonymized so they cannot be traced to that person after the identifier is created.
The Orb does not store biometric data but does keep an IrisHash, which is a set of generated numbers to identify the person based on their scan. After a person receives their IrisHash and crypto wallet, they get their World ID or digital passport.
People can find an Orb center for scanning in facilities across 35 countries. The Orb is about the size of a bowling ball and conducts iris scanning in-person at these centers. There are Orbs in several large cities in Africa, Asia, Europe, South America and North America, including locations in New York and California.
Digital Masks: The Problem Worldcoin Aims to Solve
Imagine the internet to be a massive mask party, and you’re surrounded by AI bots impersonating human beings,Scary right, i know you think so too. Worldcoin says they have the solution to this problem: a digital passport proving you’re flesh and bone, a real person thereby granting you access into the digital world.
What is Worldcoin Game Plan?
Now, according to Altman, the game plan for Worldcoin is “a global financial and identity network based on proof of personhood.” Think about it – in this fast growing world of AI, this would be a big revolutionary step in sharing access, the benefits, and also the governance of AI systems. It’s all kind of high-tech cool, you think so too right?
The Tech Behind Worldcoin
How does Worldcoin verify that you are a real person? The platform confirms your identity with an iris scan, which is then transformed into an ultra-secure code. I know you must be thinking is my eye scan safe?. Don’t worry, they’re not stockpiling images of your eyes in a digital vault somewhere
The Three Components of Worldcoin
Imagine Worldcoin as a three-legged walking stick, where each leg is a component that needs to work in harmony with the others for everything to work smoothly.
- First, there is the World ID. World ID is the mother board of the platform, and it uses a nifty gadget called the Orb to scan your iris and create your unique ID.
- Up next is the World App; a neat little vault for your World ID. Aside from your ID, this app can also hold Bitcoin, Ethereum, and USDC, acting as a virtual secure bank or vault for your crypto riches.
- Finally, the WLD Cryptocurrency. Worldcoin airdropped the coin to users who were part of the beta program. And is now available for trading on Quidax!
What is the Relationship Between Worldcoin and ChatGPT?
Alright, so you’re probably wondering what Worldcoin has to do with ChatGPT. Well, keep reading because the answer is actually pretty simple, yet interesting!.
The link that connects these two seemingly unrelated entities is a guy named Sam Altman. Sam is the CEO of OpenAI – the same company that created ChatGPT. And, he’s also the founder of Worldcoin.
Now, before any conspiracy theories, let’s be clear: Worldcoin and ChatGPT are two totally different beasts and entities that need to function alongside each other for a more secure and seamless operational service.
You can think of ChatGPT as a super smart AI that can come up with human-like text within seconds, while Worldcoin is like a futuristic bouncer that checks your iris (eye), not your ID, before letting you have access to the exclusive club of digital finance and identity verification.
It Is really chaotic out there in the digital world. And as we keep struggling with the identity crisis sparked by AI, Worldcoin might just be the superhero we need to restore to save the day. We all know that it is easier said than done, But we have been assured by WorldCoin that our accounts are secure and can only be accessed once the iris is scanned and certified.
Worldcoin aims to establish universal access to the global economy regardless of country or background. It is designed to become the world’s largest human identity and financial network, giving ownership to everyone. All with the intention of welcoming every person on the planet and establishing a place for all of us to benefit in the age of AI.