Brazilian authorities have banned World Network, formerly known as Worldcoin, from offering cryptocurrency or financial rewards for collecting biometric data from its citizens.
What is World Network and Its Biometric Data Collection Model?
World Network, formerly known as Worldcoin, is a project co-founded by Sam Altman, CEO of OpenAI, and developed by Tools for Humanity. The initiative aims to build a universal digital identity and financial network by using iris biometrics to verify individuals, creating a secure digital identity for them.
The Issue of Consent: Brazil’s Data Protection Laws
Brazil’s data protection laws, akin to the EU's GDPR, require consent for processing sensitive data to be free, informed, and specific. The ANPD believes offering crypto payouts for biometric data might undermine the voluntariness of consent.
Tools for Humanity Responds to the Allegations
In response, the company denies wrongdoing and emphasizes its commitment to Brazil's data protection laws. The company aims to continue offering its services in Brazil while pledging data security measures.
While the future of World Network in Brazil remains uncertain, both the company and regulators aim for a resolution that protects the interests and safety of all parties.
