Worldcoin and Malaysia: New Agreement on Biometric Technology

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Signing the Agreement
  2. Worldcoin's International Expansion
  3. Founders and Investor Support


    4. Sam Altman's crypto venture Worldcoin has signed a deal with Malaysia’s research arm to integrate its technology into the country’s digital infrastructure.

    Signing the Agreement

    The Worldcoin Foundation, Tools for Humanity, and MyEG have signed a memorandum of understanding with MIMOS Berhad, the Malaysian government’s research and development arm, to integrate its biometrics technology into Malaysian infrastructure. In an August 16 announcement, the foundation revealed that Malaysia plans to leverage the Worldcoin protocol and TFH technologies to improve ongoing and future work related to digital credentials. The partnership will also introduce Worldcoin’s iris imaging technology to Malaysia.

    Worldcoin's International Expansion

    The latest agreement follows Worldcoin’s recent expansion into Europe and Latin America. Worldcoin’s proof of personhood system, which uses iris scans to create unique biometric identifiers, is already operational in Germany and recently expanded its services to Austria with new verification locations in Vienna. The foundation says over 6.4 million humans so far have verified their humanness globally with Worldcoin.

    Founders and Investor Support

    Despite these advancements, Worldcoin has faced privacy-related challenges. The project encountered regulatory issues in Hong Kong, Portugal, and Spain over concerns about the handling of biometric data. Nevertheless, Worldcoin continues to expand internationally and attract investor support. Founded in 2019 by Sam Altman, alongside Max Novendstern and Alex Blania, Worldcoin secured $115 million in a series C funding round in May 2023. Blockchain Capital led the round, which also included Andreessen Horowitz, Bain Capital Crypto, and Distributed Global.

    Worldcoin's international successes and partnerships indicate the growing importance of biometric technologies. Despite regulatory challenges, the project continues to actively expand into various countries and receive investor support.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Red Team Established to Tackle AI-Driven Security Threats

chest

The Bitcoin Red Team has been established to proactively identify AI-assisted security vulnerabilities in the Bitcoin ecosystem.

user avatarTando Nkube

TON Validators Prepare for Configuration Vote on New Collator Architecture

chest

TON validators are updating their node software and mytonctrl tooling for a configuration vote on a new collator architecture scheduled for August 21 at 0800 UTC.

user avatarKofi Adjeman

Aave's EMode: Efficiency and Risk in DeFi Lending

chest

Aave's EMode feature allows for efficient borrowing among correlated assets but also increases the risk of liquidation during market stress.

user avatarSatoshi Nakamura

Avalanche Surpasses $3 Billion in Tokenized Real-World Assets

chest

Avalanche's tokenized real-world asset value has surpassed $3 billion, marking a significant milestone in its development as a platform for institutional finance.

user avatarNguyen Van Long

Aave's Debt Concentration Raises Concerns Amid Ethereum Volatility

chest

Aave's debt profile shows that a small number of loan positions account for a significant portion of its total outstanding debt, raising concerns about risk concentration.

user avatarJesper Sørensen

Shift in Airdrop Strategy Reflects Changing Market Dynamics

chest

Optimism's decision to reallocate tokens indicates a shift away from broad airdrops towards more strategic ecosystem investments.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.