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

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

chest

President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

user avatarDavid Robinson

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

chest

This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.

user avatarAndrew Smith

Coinbase Refocuses Base App Strategy After Initial Setbacks

chest

Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

chest

Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

chest

Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

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.