Worldcoin is a beta public network aimed at providing global identity and financial access to everyone, regardless of their background. To join, users must verify their uniqueness through an Orb device and can claim free Worldcoin tokens in the World App. The anticipated mainnet launch is in the first half of 2023, enabling users to transact and store value. Worldcoin tokens (WLD) offer governance rights, utility in the World App, and potential value as a digital asset, though availability is restricted in the U.S. and other territories. The Orb uses biometric data to ensure uniqueness while prioritizing privacy and compliance with regulations. Worldcoin is built on the Ethereum blockchain and supported by a global community of developers, with Tools for Humanity overseeing initial development and operations.
| name | description | change | 10-year | driving-force | relevancy |
|---|---|---|---|---|---|
| Global Accessibility of Digital Identity | Worldcoin aims to provide digital identity access to all individuals globally. | Shift from limited access to digital identity to a universally accessible platform. | Widespread digital identity could enhance global participation in financial systems and services. | The need for secure and inclusive digital identity solutions in a globalized world. | 4 |
| Biometric Verification Adoption | Worldcoin uses biometric data for identity verification, specifically iris patterns. | Transition from traditional identification methods to biometric verification for security and privacy. | Biometric verification could become the standard for identity confirmation globally. | Growing concerns over privacy and security in digital transactions. | 5 |
| Decentralized Governance Model | WLD token holders will have governance capabilities over the Worldcoin protocol. | Shift from centralized control to decentralized community governance in digital platforms. | Decentralized governance models may redefine how communities manage digital assets and services. | Desire for more democratic and user-driven control over digital platforms. | 4 |
| Self-Custodial Wallet Trend | Worldcoin operates as a self-custodial wallet, empowering users to control their own assets. | Move from custodial wallets to self-custodial models in digital finance. | Self-custodial solutions may dominate the digital asset management landscape. | User demand for control and security over personal digital assets. | 4 |
| Community-Driven Development | Worldcoin encourages community contributions and development via open-source protocols. | Shift from top-down development to community-driven initiatives in tech projects. | Community involvement could lead to more innovative and tailored solutions in technology. | The rise of collaborative and open-source movements in technology. | 3 |
| Privacy-Preserving Technologies | Worldcoin focuses on privacy-preserving methods for data handling and identity verification. | Transition from traditional data handling methods to privacy-centric approaches. | Privacy-preserving technologies may become essential in digital identity systems. | Increased awareness and concern over data privacy among users. | 5 |
| Global Economic Participation | Worldcoin aims to enhance access to the global digital economy for all individuals. | Shift from restricted economic participation to broader access through digital identity. | Greater economic inclusion could lead to more equitable access to resources and opportunities. | The push for a more just and equitable economic system globally. | 4 |
| name | description | relevancy |
|---|---|---|
| Privacy Risks with Biometric Data | The use of iris patterns for identity verification raises concerns about the security and privacy of biometric data. | 5 |
| Access Inequality | Worldcoin tokens are not available in the U.S. and other restricted territories, potentially causing inequitable access to its benefits. | 4 |
| Regulatory Compliance | Worldcoin must navigate complex global data protection laws, which may change and complicate its operations. | 4 |
| Market Volatility | The value of Worldcoin tokens is uncertain and may fluctuate significantly, causing financial risks for holders. | 3 |
| Decentralization Risks | As the project becomes community-driven, there may be challenges in ensuring responsible governance and stability. | 4 |
| Dependency on Worldcoin Operators | The independent nature of Worldcoin Operators may lead to inconsistent user experiences and reliability issues. | 3 |
| Misuse of Digital Identity | Potential misuse of the World ID and tokens could lead to fraud or unauthorized transactions. | 4 |
| name | description | relevancy |
|---|---|---|
| Global Digital Identity Verification | Worldcoin aims to provide a universal identity verification system using biometric data, enabling access for individuals worldwide. | 5 |
| Community-Driven Governance | WLD token holders will have the ability to influence and govern the direction of the Worldcoin protocol, fostering a decentralized decision-making process. | 5 |
| Incentivized Participation in Digital Economy | Users can earn free tokens and participate in the protocol, creating incentives to engage with the digital economy through verified identity. | 4 |
| Biometric Privacy Assurance | Worldcoin emphasizes privacy in biometric data collection, allowing users to verify identity without sharing personal information. | 4 |
| Self-Custodial Wallet Utilization | Users are provided with self-custodial wallets, promoting individual ownership and control over their digital assets without centralized custody. | 4 |
| Operator-Driven Community Engagement | Worldcoin Operators facilitate local onboarding and education, creating community connections and expanding the user base. | 3 |
| Adaptive Token Utility | As the ecosystem evolves, the WLD token is expected to find various uses, adjusting to community needs and applications. | 3 |
| Decentralized Project Development | Worldcoin encourages global collaboration among developers, promoting an open-source environment for innovation and growth. | 3 |
| description | relevancy | src |
|---|---|---|
| A decentralized identity and financial network aimed at providing global access to digital identity and currency. | 5 | d88f43d9c77a040fb8af341ebf73dc59 |
| An imaging device that verifies uniqueness through iris pattern recognition while preserving user privacy. | 5 | d88f43d9c77a040fb8af341ebf73dc59 |
| A self-custodial wallet and digital identity application that facilitates access to Worldcoin tokens and services. | 4 | d88f43d9c77a040fb8af341ebf73dc59 |
| Utilizes layer 1 and layer 2 technologies for efficient decentralized operations and has reduced energy consumption significantly post-merge. | 5 | d88f43d9c77a040fb8af341ebf73dc59 |
| A secure method for collecting and processing biometric data with user consent, compliant with GDPR. | 4 | d88f43d9c77a040fb8af341ebf73dc59 |
| name | description | relevancy |
|---|---|---|
| Global Digital Identity Systems | The rise of decentralized identity protocols like Worldcoin raises questions about privacy, security, and accessibility in digital identity verification. | 5 |
| Biometric Data Usage | Worldcoin’s reliance on biometric data for identity verification could lead to emerging concerns about data privacy and consent. | 4 |
| Cryptocurrency Regulation | The limited availability of Worldcoin tokens in certain regions highlights the ongoing challenges and evolving nature of cryptocurrency regulations. | 4 |
| Decentralized Governance | The governance model of Worldcoin, where users participate in decision-making, may influence future decentralized governance structures. | 5 |
| Economic Inclusion | Worldcoin aims to provide access to financial services for underrepresented populations, raising issues of economic equity and inclusion. | 5 |
| Community-driven Development | The involvement of community members in the development of Worldcoin indicates a shift towards more participatory technology development. | 4 |
| Value Volatility in Digital Assets | The uncertain value of Worldcoin tokens reflects broader concerns about the volatility and reliability of digital assets. | 4 |
| Public Trust in Digital Protocols | As public utility projects like Worldcoin launch, trust in their handling of data and privacy will be critical to their success. | 5 |