Sam Altmanβs crypto venture, Worldcoin, has signed a significant agreement with Malaysiaβs research arm to integrate its technology into the countryβs digital infrastructure. The Worldcoin Foundation, Tools for Humanity, and MyEG have formed a partnership with MIMOS Berhad, the Malaysian government’s research and development entity, to incorporate its biometrics technology into Malaysia’s infrastructure.
On August 16, the foundation announced that Malaysia plans to utilize the Worldcoin protocol and TFH technologies to enhance ongoing and future efforts related to digital credentials. This collaboration will also introduce Worldcoinβs iris imaging technology to the country, facilitating the verification of human identity.
The Worldcoin Foundation will work to ensure that its technology is open-source and freely available, while TFH will provide technical expertise and support for both the Orb and World App.
Under this agreement, the involved parties are committed to jointly manufacturing Worldcoinβs orb devices, integrating with Malaysiaβs National Blockchain Infrastructure, and contributing to technical integration and hardware deployment through MyEG.
The latest agreement comes on the heels of Worldcoinβs recent expansion into Europe and Latin America. Worldcoinβs proof of personhood system, which employs iris scans to generate unique biometric identifiers, is already operational in Germany and has recently extended its services to Austria with new verification locations in Vienna. To date, over 6.4 million individuals have verified their identity globally using Worldcoin.
Despite these advancements, Worldcoin has faced privacy-related challenges. The project has encountered regulatory issues in Hong Kong, Portugal, and Spain concerning the management of biometric data. Nevertheless, Worldcoin continues to expand internationally and attract investor support.
Founded in 2019 by OpenAIβs Sam Altman, along with Max Novendstern and Alex Blania, Worldcoin raised $115 million in a series C funding round in May 2023. This round was led by Blockchain Capital and included investments from Andreessen Horowitz, Bain Capital Crypto, and Distributed Global.
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