What's Happening?
World, a biometric ID verification project co-founded by Sam Altman, has launched a new version of its app, introducing features such as encrypted chat and expanded cryptocurrency payment capabilities.
The app, developed by Tools for Humanity, aims to provide digital 'proof of human' tools to distinguish humans from bots in an era of AI-generated digital fakery. The new features include World Chat, which uses end-to-end encryption similar to Signal, and a digital payment system that allows users to send and receive cryptocurrency. The app's verification process involves scanning users' irises to create a unique digital code, which can be used within the app's ecosystem. The company has also introduced Orb Minis, handheld devices that allow users to scan their eyes at home, aiming to make the verification process more accessible.
Why It's Important?
The launch of World’s super app is significant as it addresses the growing need for secure digital identity verification in a world increasingly affected by AI and digital fraud. By providing a privacy-preserving way to verify identities, the app could enhance trust in digital interactions and transactions. The integration of cryptocurrency payments and encrypted messaging also positions the app as a comprehensive digital tool, potentially appealing to users interested in secure and private financial and communication solutions. This development could influence the broader tech industry by setting new standards for privacy and security in digital identity verification and financial transactions.
What's Next?
World aims to expand its user base by making its verification process more accessible through the introduction of Orb Minis. The company plans to scan a billion people's eyes, significantly increasing its current reach of less than 20 million. This expansion could lead to wider adoption of the app and its features, potentially influencing other companies to adopt similar privacy-preserving verification methods. The success of this initiative could also prompt further innovations in digital identity verification and secure communication technologies.
