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WorldCoin – a crypto project from OpenAI CEO Sam Altman – has greatly polarized the Web3 community. At its core, WorldCoin uses Proof-of-Personhood (POP), a mechanism that establishes the humanity and uniqueness of an individual. Proof of personhood has never been more important, especially in an age of surveillance when identity – one of our most fundamental human rights – is under threat.
However, experts in the digital asset industry believe that WorldCoin is not the way to achieve this.
Spotlight on Proof of Personality
The original cryptocurrency of the ‘Tools for Humanity’ project was launched last month. It aims to create “the world’s largest, most inclusive identity and financial public utility”. Privacy advocates in the digital asset industry are not impressed.
In fact, some observers are bullish on Proof of Singularity and believe there are multiple paths to achieve, and even if none of them are perfect, WorldCoin is still not the way to go about it.
Bob Bodilli, a blockchain expert and CEO of Web3 infrastructure firm Tonic Labs, said there are too many secure means of proving you’re human, making this process obsolete. in exclusive conversation with crypto potatoThe executive highlighted several drawbacks of the WorldCoin verification model, including high centralization as users can only be validated using official hardware manufactured by WorldCoin, thereby limiting access.
“How realistic is it for everyone in the world to have access to one of these devices? Currently there are only a few hundred, and even if that number grows into the thousands, it is still far below the number needed for global adoption.
He also highlights the use of zero-knowledge technology to ensure that no user can unencrypt the data, but also considers the fact that how much trust can be placed on it when it comes from a centralized source. can be done.
“If the protocol is compromised in any way, any flaw in such a high-stakes system could lead to catastrophic problems for users.”
Another point of contention is the need to manufacture and disseminate “orbs” globally, which according to Tonic’s CEO, “poses a scalability challenge and a potential security risk posed by malicious actors involved in activities such as 3D printing replica irises and hacking users.” Presents.” ‘ phone to illegally acquire their keys.”
While others believe that there is no easy way to eliminate fake identities and fraud, WorldCoin’s approach to leveraging biometrics is not new, rather, existing companies such as Apple or Google are already on- The devices perform identity verification using biometrics, according to Leonard Tan, co-founder and CTO, Web3Auth.
Apart from the centralization and privacy aspects, the chief executive of the wallet infrastructure platform believes that WorldCoin is “still off to a very good start”, citing the importance of biometric scans to deter bad actors in various sectors. Tan also said that the crypto project backed by Sam Altman is helping.
While Tan expressed his optimism about the project, many Web3 observers do not share the same sentiment.
Where does WorldCoin break down?
Fakhul Miya, Global Development Head of Elastos, highlighted the lack of transparency on how the collected data will be used or who will be given access to it, which makes it difficult to assess the project’s potential privacy risks.
while talking to crypto potatoHe took a dig at the founder of OpenAI, the creator of ChatGPT, the most successful generative AI at the moment, “but now he’s developing an intrusive system to combat the same problem he’s helping perpetuate.”
Echoing a similar stance, XYO co-founder Ari Trow said the entire purpose of the proof-of-personhood structure is to keep personal details private, and this is where WorldCoin’s implementation fails. The need to hand over incredibly private personal information to the company and rely on WorldCoin alone for identity verification is highly problematic. The executive further said,
“Any implementation that involves a company collecting massive amounts of personal data is a contradiction in my view – it misses the point of keeping this data out of the hands of unelected centralized entities. I don’t think this project provides individual sovereignty, as it delegates it to WorldCoin.
Instead, Trove believes we should rely on the infrastructure we already trust – the infrastructure we vote on with the legitimacy derived from the consent of the governed.
Ideal POP System
It is still important to recognize that biometrics serve as a powerful form of verifying identity, but the first step toward achieving the ideal proof-of-personality system is to eliminate a central entity, such as a business or government, that ” Can create “backdoor”. to potentially abuse them in these networks.
Brendan Playford – co-founder of Masa, a platform for intelligent development and analytical infrastructure in Web3 – believes that an ideal system is user authentication through a series of on-chain and off-chain credentials, affiliation will identify. behavior and reputation, which we call identifiers.
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source: cryptopotato.com
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