Worldcoin Open-Sources SMPC to Enhance Biometric Data Protection

  • Worldcoin open-sources SMPC to enhance biometric data security and enable secure deletion of old iris codes.
  • Worldcoin’s SMPC system is robust against quantum computing, aligning with EU GDPR standards for data protection.
  • Worldcoin’s user base surpasses one million; WLD token surged by 141% amid strengthened data security measures.

The Worldcoin Foundation has announced the open-sourcing of its Secure Multi-Party Computation (SMPC) system to enhance the security of biometric data. This system encrypts iris codes into secret shares held by multiple parties, enabling the secure deletion of old iris codes previously used in its uniqueness-checking protocol. 

Read CRYPTONEWSLAND on Google News google news

According to Remco Bloemen, head of protocol at Worldcoin, this development aims to set a new standard for biometric data security.

The foundation has emphasized that the SMPC system is robust even against quantum computing threats. This move aligns with the organization’s commitment to developing privacy-focused technologies to improve trust and accessibility in the global economy.

Compliance and Privacy Measures

Worldcoin’s open-sourcing initiative also aims to meet stringent data protection standards such as the EU General Data Protection Regulation. Jannick Preiwisch, Worldcoin’s data protection officer, stated that this development demonstrates the foundation’s dedication to compliance and enhancing user control over their data. Users now have the ability to manage their data personally and un-verify their World IDs if desired.

Worldcoin has faced regulatory scrutiny regarding its data practices, especially in Europe. In response, the foundation has implemented several measures to signal its compliance with global data protection laws. 

In March 2024, Worldcoin made its iris-scanning Orb software open-source and introduced a personal custody privacy feature for user data. This was followed by further tightening of privacy checks in April, allowing users to un-verify their World IDs.

At the start of this year, Worldcoin achieved significant milestones, with its active daily user count surpassing one million for its wallet app. Additionally, the Worldcoin token (WLD) saw a surge of 141%. These developments underscore the foundation’s efforts to enhance its security protocols while expanding its user base and market presence.

The foundation’s initiatives reflect its ongoing commitment to user privacy and data security, setting new standards in the biometric cryptocurrency sector.

Read Also:

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

related posts