People trade eyeball scan for crypto

Share post:

People around the world are trading their eyeball scans for free cryptocurrency, in a project that has raised concerns among privacy campaigners and data regulators.

The project, called Worldcoin, was launched by Sam Altman, the CEO of ChatGPT developer OpenAI. It aims to create a new “identity and financial network” using biometric data, such as iris scans, to verify users’ identities. In exchange for having their eyeballs scanned, users receive 25 free Worldcoin tokens, which are currently worth around $2.30 each.

Some people have expressed concerns about the privacy implications of the project, as the biometric data collected could be used to track and identify individuals. However, Worldcoin says that it takes steps to protect users’ privacy, such as encrypting their data and only sharing it with third parties on a need-to-know basis. The project has also drawn the attention of regulators, with Britain’s data regulator saying that it is making enquiries about the UK launch of Worldcoin. Despite the concerns, some people are still willing to trade their privacy for the chance to get free cryptocurrency.

“I think it’s a good trade,” said 18-year-old commerce student Sujith, who had his eyeballs scanned at a mall in Bengaluru, India. “I don’t really have privacy concerns, and I’m always looking for ways to make money.”

The sources for this piece include an article in Reuters.


Related articles

Research Raises Concerns Over AI Impact on Code Quality

Recent findings from GitClear, a developer analytics firm, indicate that the increasing reliance on AI assistance in software...

Microsoft to train 100,000 Indian developers in AI

Microsoft has launched an ambitious program called "AI Odyssey" to train 100,000 Indian developers in artificial intelligence by...

NIST issues cybersecurity guide for AI developers

Paper identifies the types of cyberattacks that can manipulate the behavior of artificial intelligen

Canada, U.S. sign international guidelines for safe AI development

Eighteen countries, including Canada, the U.S. and the U.K., today agreed on recommended guidelines to developers in their nations for the secure design, development, deployment, and operation of artificial intelligent systems. It’s the latest in a series of voluntary guardrails that nations are urging their public and private sectors to follow for overseeing AI in

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways