The Worldcoin Foundation announces the release of an open-source data security system

Exciting News: Worldcoin Foundation Unveils New Security System!

Forget the old ways of safeguarding data – Worldcoin Foundation is here with a cutting-edge open-source system to revolutionize data security!

By incorporating biometric information gathered during the WLD project registration, this system, now available on Github, employs secure multi-party computation (SMPC) to ensure your data is safe and sound by dispersing it across various locations.

According to the foundation’s blog, this method involves the magic of splitting one secret into multiple parts across different parties for extra protection.

With a focus on enhancing data protection, especially for biometric data, the new system aims to set a gold standard in safeguarding sensitive information.

In an exciting development, Worldcoin Foundation has announced the transition to this cutting-edge system and the removal of old iris codes previously collected through Orb devices, which scan users’ eyes during registration.

This process is a key component of the Worldcoin project’s mission to verify individual identities and establish digital identities by distributing WLD tokens to participants.

Teaming up with TACEO and Tools for Humanity, the foundation has successfully tackled scalability and cost challenges that previously hindered the adoption of SMPC technology.

With the rising demand for biometric verification in various organizations, enhanced data protection measures are crucial. This game-changing development comes as international regulators intensify scrutiny over the project’s data collection practices.

Tools for Humanity, co-founded by the visionary OpenAI CEO Sam Altman, is at the forefront of this revolutionary project. The company has recently taken proactive steps to address concerns regarding data handling, ensuring a secure and trustworthy system.

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