Worldcoin allows permanent deletion of iris data! Faced with regulatory pressure, WLD plunged 45% in one month

Worldcoin, a Web3 project that aims to achieve "universal basic income" and provides identity verification by scanning personal eyeball iris, has set off a craze around the world; but at the same time, Worldcoin has also been involved in The important privacy of collecting human biometrics is subject to strict regulatory scrutiny by various countries.

Worldcoin allows users to permanently delete iris data

Regarding the criticized privacy issues, Worldcoin recently announced that it will launch a new initiative that will allow users to choose to permanently delete iris data created through iris scanning. “Iris Code”: Worldcoin ID holders now have more control as they can permanently delete their iris code, which is the digital information generated by their unique iris texture.

At the same time, Worldcoin stated that when the applicant requests to delete the code, it will provide a six-month cooling-off period. After the cooling-off period, the user's code will be permanently deleted and cannot be restored.

In addition, Worldcoin also announced that it is preparing to conduct on-site age verification, aiming to ensure that adults over 18 years old can participate in Worldcoin’s iris scan.

Afraid of breaking the status quo of one person, one wallet?

However, if Worldcoin really allows users to delete iris information, it may lose the mechanism to ensure that one person can only verify once. After all, after the user completes the iris verification, WLD tokens will be distributed as a reward. There is no guarantee that this will not happen. Some users participated in the verification again after deleting their iris code.

How can this situation be avoided in the future to ensure fairness? Can I get WLD rewards again if I apply again? There is currently no official explanation on these issues.

Worldcoin faced regulatory pressure from various countries, and the currency price fell by 45% in one month

Worldcoin will open to people in North America, Europe, the Middle East, Asia and other places to experience the Orb iris verification service for the first time since the summer of 2023 . However, this has also caused Worldcoin to face questions about privacy from local governments many times. At the end of last year, they successively announced the temporary suspension of services in Hong Kong, India, Brazil, France, etc.

In order to reduce market concerns about privacy violations, Worldcoin also announced on January 24 that it would open source its "iris scanning device Orb", aiming to reduce users' concerns about the collection of iris data by increasing transparency. Privacy concerns.

In addition, regarding the price of WLD currency, it has been falling since reaching a record high of 11.8 US dollars on March 10. It has fallen nearly 45% in the past month and is now at 6.6 US dollars.

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