The data around worldcoin's iris scan verification reportedly drew attention from a German watchdog, raising concerns over potential risks for users.
The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data.a probe into Worldcoin’s activities starting in November 2022. Worldcoin, a project started with the intention of distinguishing real people from bots by providing retinal scans for identity verification, had more than 2 million sign-ups prior to the launch of its token in July.
This retinal scan data reportedly drew the attention of BayLDA. President Michael Will reportedly said the technologies were neither “established nor well analysed” for use in transferring financial information, leading to a potential risk for Worldcoin users.Authenticating ownership uses biometrics as a password, where a 1:1 comparison is performed against a saved ID template.
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