In a Rapidly Transforming Age, the Dangers of Cyber Security can’t be Overlooked, the Scanning System of Worldcoin Raises Questions on How and Why the Utility of an Application is Linked with Body Scan.
Washington, USA, July 2023 —Today’s modern era is brimming with a web of scams and frauds so skillfully weaved that even the experts in the field seem unprotected. As the world is constantly reshaping the horizons of its digital currencies, the prospects of frauds are looming large. Recent investigations regarding the scanning process of Worldcoin to enlist the individuals to the global database has given birth to multiple doubts. These doubts, if scientifically verified, bear ample proofs to labelWorldcoin as a fraud.
The crypto-currency project Worldcoin (WLD) offers $20 to volunteers who agree to provide their biometric data to the company. The biometric data specifically includes scanning the eyes and face of the population to establish a global database. The company has already scanned the eyes of more than half a million population of the third world countries of Asia and Africa. The whole process is vague and carries the germs of potential security threat. Interestingly, the money they invest on the volunteers has no real-world value as the money has not yet been enlisted on any exchange.
The organization claims that Worldcoin is a collective currency and intends to distribute it fairly. However, as per the reports of Buzzfeed news, most of the people and those who conduct operations for Worldcoin have admitted that the company has scammed them.
There are many ifs and buts with the project. For example, what is the benefit of keeping a Worldcoin when it has no real-world value? Alternatively, users can’t sell their Worldcoin immediately, so trading a Worldcoin as soon as users get it is out of question. People who are willing to look into an orb are potentially prone to security issues as their private information is collected through these orbs. Similarly, orb operators are paid only when someone stare into the orb, making them prone to abuse and information insecurity. While orb operators can trick uninformed population to gaze into the orb, there is a huge threat that the orb operators can misuse the collected data and play game with the Worldcoin.
It is noteworthy that the marketing practices of Worldcoin representatives are misleading. According to some sources, the company collects more information than it acknowledges. The company itself has confirmed that the account once deleted or mishandled can’t be restored. The online applications can’t be assessed even for weeks once users log in with their names and passwords. The entire procedure is vaguely arranged and the primary objective seems to be just one; “Collecting as more irises scans as possible”.
The actual intention behind the establishment of Worldcoin is still a mystery. However, as we live in a crazy era, nothing is perfect. The theory of Universal Basic Income (UBI) seems flawed when the users are not provided with the first hand information about the project before letting them peep into the orb. With the passage of time, many mysteries regarding the Worldcoin will resurface on the digital currency platforms. However, users need to remain careful and vigilant to avoid any eminent threat to their security.
