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ChatGPT Inventor’s Investor-Knowing Cryptocurrency Project “Worldcoin” Stirs: So Who’s Right?

Worldcoin, the cryptocurrency project of Open AI CEO Sam Altman, made a mess in its first week. While the company is defending itself, experts in the field argue that the project is dangerous. Here's everything about the Worldcoin project...
 ChatGPT Inventor’s Investor-Knowing Cryptocurrency Project “Worldcoin” Stirs: So Who’s Right?
READING NOW ChatGPT Inventor’s Investor-Knowing Cryptocurrency Project “Worldcoin” Stirs: So Who’s Right?

Open AI CEO Sam Altman, who brought artificial intelligence tools such as ChatGPT and DALL-E into our lives, made a hard entry into the crypto money community last week. Launching an altcoin called “Worldcoin” (WLD), Altman has signed off on one of its most innovative technologies to date. However, the Worldcoin project, even though it is only a week old, is at the center of the discussions. In this content, we will take a closer look at everything related to the Worldcoin project.

Sam Altman and his partner Alex Blania have created a new company for Worldcoin called “Tools For Humanity”. The aim of this company is to create the world’s largest identity and finance network with the Worldcoin project. The project, which focuses on biometric data, seeks to create a global authentication system that can clearly distinguish between real people and machines powered by artificial intelligence. Tools For Humanity designed a sphere called Orb in order to realize this project.

This is how the sphere named Orb, which will be scattered all over the world, looks like this:

Developed by Sam Altman and his partner, hundreds of Orbs are a product that can immediately attract attention with its chrome coating. The purpose of the product is to record the biometric data of people, especially irises. Now let’s unpack this a bit:

Orb’s sensors encode the iris and other facial features of a person reading his face. The coding, which is created specifically for each person, is recorded thanks to the blockchain technology. We are actually talking about a structure similar to NFTs. If you have an Orb scan your face, it gets added to the blockchain network where that encoding is yours alone. Moreover, internet channels such as social media platforms can also access this data. Sam Altman and Alex Blania believe that this way, ultra-realistic artificial intelligence technologies will no longer be able to imitate humans. It is possible to say that this is technically correct. However…

If you save the iris and other parts of your face to the Orb, you earn money!

*Sensors on the device that record the iris and other parts of your face.

What we’ve told you so far may have piqued your interest. Actually you are right. Because we are talking about a global authentication system. Moreover, this system contains the iris, which is one of the most special structures of the human body. From the outside, it may seem that such a technology would truly revolutionize. However, there are some confusing situations. For example; Sam Altman offers you money to go and have the Orb scan your face. Each individual who codes their face is paid a certain amount (we do not share numbers for the sake of enthusiasm). According to the statements made, more than 2 million individuals have registered to this system so far.

The Orb iris registration system has been tested in 27 countries so far!

Devices called Orbs reach people through external individuals. Individuals who register through a section on Worldcoin’s website and receive Orbs are referred to as “operators” and receive commission payments for each registration. According to a statement made by Alex Blania, the system has currently been tested in 27 countries, including Norway, Sudan, Kenya and Chile. According to World Bank data, about half of these countries, 14 of them, had the status of “developing countries”.

Let’s come to the discussions about this impressive technology.

Biometric data is critical to ensuring cyber security. We already know how effective facial recognition systems and fingerprint readers are in providing security. However, debates on how to ensure data security are erupting here. As a result, Open AI is a company that was hacked a few months ago. Let’s say this right away; Tools For Humanity states that the photos taken are not stored, but personal coding is kept. Of course, whether to believe it or not is the choice of individuals.

Experts have been warning about biometric data for a long time. Edward Snowden, a famous software developer who also worked for the CIA in the past, used the following statements about biometric data: Don’t catalog your eyeballs. Do not use biometrics to avoid fraud. In fact, don’t use biometrics for anything.

*Edward Snowden

Massachusetts Institute of Technology (MIT), which is shown among the best universities in the world, does not trust the Worldcoin team at all. In a study involving individuals who have registered their faces to date, it has been revealed that people who have their irises registered do not even know for what purpose they are doing it. Also, according to MIT, the team was engaged in deceptive marketing practices. Alex Blania has denied the allegations raised by MIT.

So how can people share their most private biometric data with others?

Registering with Orb is pretty simple. The QR code in the application you have installed on your phone is paired with the Orb. Biometric data is then recorded. All this takes a few minutes. This is one of the main reasons why the system attracts people. The system works very simply. Moreover, money is taken as a result. When asked why people who signed up for Iris did this, it was determined that there were those who took the business simply because they believed in cryptoassets. Others say that he is a Sam Altman fan and that he will not be harmed.

So what do you think about this project? You can share your ideas with us.

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