How World Network Transforms Digital Identity Security
Learn how World Network uses biometric verification, decentralized technology, and secure privacy features to stand out as a system of secure online interactions.
Verifying an identity has become increasingly significant as digital communication increases. There is a growing trend among organizations and individuals toward more secure systems.
Accordingly, World Network, formerly known as Worldcoin, aims to facilitate the establishment of more straightforward and more secure digital identity verification systems globally. Through a unique biometric system, the World Network provides safe and reliable decentralized global identification systems.
In this guide, we detail World Network’s benefits and its potential challenges in a technology-driven environment.
What is World Network?
World Network is a platform for verifying an individual’s identity online while maintaining privacy. Its primary objective is to solve the digital identity problem, and it plans to include members from the unbanked and underserved populations.
The World Network aims to create a diverse financial ecosystem that provides identity verification and ensures fair chances of accessing financial services by anyone around the world. The “proof of human” system is a defining aspect of the World Network, as it allows the system to ascertain whether a user logging into the app is a person or a bot.
With the rise in AI usage, it becomes difficult to distinguish between a user and a bot online. However, this technology guarantees that a platform interacts only with real users, making the Internet safer.
How World Network Verifies Identity
World Network has a verification process that consists of three components:
- The Orb: The Orb is a device that grants users instant identity verification using an eye scan. This replaces the need for personal information such as a password, which is biometrically imprinted in the Orb during thumb scanning. Notably, the Orb doesn’t save the biometric data.
- World ID: Users acquire a World ID after verification. This is a digital ID that users can use on different websites to validate their identity without exposing crucial details such as names or addresses.
- Worldcoin Token (WLD): Users can earn or spend WLD, a digital currency issued by World Network.
Hence, this network is an ecosystem for secure identity verification, financial access, and digital currency incentives, not just an ID solution.
The World Network App and World Chain
World network members can access their accounts and manage their World IDs and WLD tokens through the application (app), the primary permissioned UI. Recently, this network launched its layer-2 blockchain (World Chain) on the Ethereum network.
This chain focuses on providing users with human verification services to prevent bot and fake account issues on the network. A crucial part of the World Chain is that it has zero gas fees and has its own block space on the chain designated for verified human users.
This model ensures real user interaction and protects the network from bots, ensuring that sufficient resources are reserved for legitimate users.
Expanding Identity Verification Beyond the Orb
While the World Network currently uses the Orb as its verification device, the project is developing other options. For instance, users with NFC passports can verify their identity directly without passing through the World App.
Thus, there are more verification options, attracting more users who prefer not to undergo a biometric scan.
Privacy and Security Measures
Eye scan security beats the idea of using passwords. The only downside is that it leads to a multitude of privacy issues.
This network is determined to maintain its users’ privacy, so it has implemented various measures to achieve this objective.
- The biometric data collected by the orbs will not be kept on a single centralized server, significantly reducing the chances of a data leak.
- World Network encrypts all user information using an end-to-end encryption method.
- Users have the autonomy to control their data because they can delete such information at any time, especially when leaving the World Network.
The Ethical Challenges of Biometric Data
Biometrics involving large-scale sensitive information can be a privacy infringement. Accordingly, this network needs to address and fix issues regarding consumer privacy and the appropriate use of their data.
Until it resolves these issues, the World Network might have lower use, and a competitor could arise.
Future Use Cases for World Network
Numerous industries outside finance can use World Network’s digital identity solutions.
- Medical Services: Verified IDs can help securely manage health records by ensuring only the verified can access sensitive data.
- Elections: World Network URL’s Voting implementation could make elections remote and carried out online while verifying that people participate in elections with actual decisions at the community or national level.
- Academics: Students and end-users of online tools, learning, and education applications would be able to have their identities verified to remove the chance of cheating and ensure equity.
Conclusion
With more security, inclusivity, and convenience, this network’s digital identity system can offer a convincing substitute for more conventional approaches. The platform is a safe, user-friendly environment where identities are protected through decentralized technologies and sophisticated biometrics.
Once it solves its ethical and technical issues, World Network can redefine the scope of digital identity verification to enhance the cyber world’s security.
