The Worldcoin Foundation has recently expanded its ID verification services to Austria, introducing its World ID “orb” technology in various locations in Vienna. This move is part of the foundation’s efforts to offer services across Europe, following the success of its proof of personhood verifications in Germany.
The Worldcoin “orb” technology works by scanning individuals’ irises to create a unique biometric identifier, ensuring that each person is distinct. In return for participating in the ID verification process, individuals receive a small amount of Worldcoin’s native token, Wordlcoin (WLD), as a way to distribute tokens fairly.
Despite its expansion into Austria, Worldcoin has encountered challenges in other regions due to concerns about data privacy. In Hong Kong, for example, the project was found to have violated the city’s personal data ordinance, raising privacy risks related to the handling of biometric data. Similarly, Portugal and Spain have imposed restrictions on Worldcoin over privacy concerns.
In response to these challenges, Worldcoin has emphasized its commitment to operating within the bounds of the law and complying with data privacy regulations. The foundation maintains that its operations are lawful and in accordance with relevant privacy laws.
Founded in 2019 by OpenAI’s Sam Altman, Max Novendstern, and Alex Blania, Worldcoin recently raised $115 million in a Series C funding round in May 2023. Leading the round were Blockchain Capital, with participation from Andreessen Horowitz (a16z), Bain Capital Crypto, and Distributed Global.
The expansion of Worldcoin’s ID verification services to Austria represents a significant step in the foundation’s efforts to provide secure and efficient verification solutions across Europe. By leveraging biometric technology, Worldcoin aims to ensure the integrity of its verification process while also incentivizing participation through the distribution of its native token. Despite facing challenges in some regions, Worldcoin remains committed to upholding data privacy standards and complying with relevant regulations as it continues to expand its services globally.