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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Investigation Reveals Hacker Controls Millions in Altcoins

Investigation reveals that a hacker controls significant holdings in various altcoins, posing a risk of market impact.

user avatarFilippo Romano

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Spiko Announces $238 Billion in Tokenized Investment Fund

Spiko has reported a remarkable $238 billion in its Amundi Overnight Swap Fund (SAFO), emphasizing the rising significance of tokenized investment products in business cash management.

user avatarTomas Novak

Kraken Launches New Funding Route for USDG on Arbitrum One

Kraken has launched a new funding route for Global Dollar (USDG) on Arbitrum One, enhancing the ease of transactions between the exchange and blockchain wallets.

user avatarKaterina Papadopoulou

SAT Japan Introduces Stablecoin Payment Option for Vehicle Exports

SAT Japan has launched a stablecoin payment route through TripleA, enabling cross-border car purchases using USDT and USDC.

user avatarMaya Lundqvist

Ripple and Water.org Enhance Partnership for Efficient Water Financing

Ripple and Water.org are expanding their partnership to leverage payment and stablecoin infrastructure aimed at improving water and sanitation financing.

user avatarLeo van der Veen

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.