Worldcoin (WLD) is enhancing its verification mechanism and introducing additional Orb models in various colors as part of its worldwide expansion efforts.
The project is using this technology to enhance its artificial intelligence capabilities and strengthen its position in the financial sector.
Bloomberg has reported that Worldcoin, led by Sam Altman, is engaged in discussions with OpenAI and other prominent players in the business, but their names remain undisclosed.
Tools for Humanity, the organization responsible for overseeing Worldcoin, is expanding its technological and financial networks outside the field of artificial intelligence.
During a Bloomberg interview, Alex Blania, the CEO of Worldcoin, said that these strategic agreements have the potential to expand the company’s activities.
In 2023, Worldcoin and Okta formed a collaboration. Okta’s platform now incorporates Worldcoin authentication, allowing developers to provide it as a login alternative and rivaling Apple and Google.
Worldcoin’s identity verification technique is powered by The Orb, a biometric imaging device. Humans are differentiated from AI and robots.
Precise human identification has become more crucial in light of advanced AI and chatbots such as ChatGPT.
Blanca revealed that the current Orb model is a prototype that was never meant to be widely distributed. Worldcoin has made various verification technologies open-source in order to enhance transparency.
Altman advocated for the implementation of a “universal basic income,” but, the firm is now transitioning to a model of “distributing scarce resources.”
This revised statement accurately represents the scope of the distribution, including the computational capabilities of artificial intelligence.
Worldcoin, established in 2019, initially pledged to facilitate market transactions but faced backlash for its exploitation of workers in Indonesia and Kenya.
The transition from “universal basic income” to “distribution of scarce resources” highlights the importance of resource allocation above political considerations.
