Daily Archives: March 14, 2024

How Much Are Your Eyes Worth? Altman has an answer

Worldcoin is appealing a decision from Spain that temporarily banned it from scanning people’s eyes in exchange for cryptocurrency tokens…The Spanish Data Protection Agency, or AEPD, ordered a precautionary measure prohibiting Worldcoin’s activities in the country for up to three months after it received several complaints on the collection of data from minors, and what it said were other infringements.

Worldcoin operates as an open-source protocol, according to its website. Users download a wallet app that supports a digital identity known as World ID. To get their identity verified, users stand in front of a physical imaging device known as the orb that relies on sensors to scan their eyes “to verify humanness and uniqueness.” More than 4 million users across 120 countries signed up for World ID, with orb verifications taking place in 36 countries, according to Worldcoin’s website.

The AEPD said its precautionary measure effectively called on Tools for Humanity—the company of which OpenAI Chief Executive Sam Altman is a co-founder—to cease the collection and processing of personal data through its Worldcoin project and to stop using the data it had gathered so far in Spain.

Excerpts from  Mauro Orru, Sam Altman’s Eye-Scanning Worldcoin Venture Appeals, WSJ, Mar. 7, 2024