Pros:
Innovative Vision: Worldcoin aims to develop personal identity products using retinal scanning, offering unique and fraud-resistant identification.
Non-Profit Foundation: The WorldCoin Foundation is a non-profit organization, focusing on sustainable growth, financial education, and community support.
Accurate and Unique Scanning: Retina scanning technology is praised for its accuracy and uniqueness, enhancing security and preventing data errors.
Cons:
Privacy Concerns: Worldcoin's centralized iris scanning system raises concerns about potential privacy invasion and mass surveillance, making users vulnerable to data exploitation.
Anonymity Compromised: Linking iris data to digital wallets compromises users' anonymity and traceability, potentially leading to discrimination based on financial history.
Security Risks: Reports of hackers stealing orb operator credentials and selling iris codes on the dark web raise doubts about the project's security measures.
Conclusion:
Worldcoin presents an ambitious vision for fostering global financial inclusion through retinal scanning technology. Show Less