Over one million Peruvians have registered with Worldcoin, a project offering a digital identity credential based on iris scans. This technology aims to replace captchas as a method for verifying human users online.
Worldcoin emphasizes that it doesn't collect personal data, only generating a unique code from the iris scan which is then deleted. The system ensures that even if the same individual attempts to register again, their identity remains anonymous.
The majority of users are between 18 and 40 years old. Currently, World ID can be used with platforms like Shopify and Discord. Worldcoin seeks to expand partnerships with more companies as it builds user base.
The Peruvian Ministry of Justice is investigating whether Worldcoin's data practices comply with national laws. Similar investigations have taken place in other countries, highlighting concerns about data privacy and potential misuse.
Users receive a reward of Worldcoins, a cryptocurrency, for their participation. The value of this cryptocurrency fluctuates.