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Friends,
I get a little bamboozled when I read about the new advances that are happening in tech, trying to figure out whether something is going to change the world or is just an edge case scam - or somewhere in between. There are linked articles to Sam Altman’s Worldcoin in the recommended links. But if you haven’t heard of it, here’s the skinny:
Worldcoin, a digital ID platform, launched on July 24 after three years of development and beta testing.
Co-founded by Sam Altman, the CEO of OpenAI, Worldcoin offers users a verified digital identity, a cryptocurrency token called Worldcoin (WLD), and a crypto wallet app.
The platform aims to address the difficulty in distinguishing between content generated by humans and AI by using "proof of personhood" through a digital passport.
Users' identities are verified using iris scanning to create secure identification codes stored on a decentralized blockchain to prevent fraud and duplication.
During beta testing, Worldcoin attracted over two million users and plans to expand scanning operations to numerous cities in 20 countries.
So, first things first - yes this is the same guy who is CEO and co-founder OpenAI - and secondly - this feels somewhat Minority Report-esque - scanning your eye to prove that you are who you say you are - a human.
Worldcoin uses iris scanning technology to produce "proof of person" for its users. Here's how it works:
Iris Scanning: When a user registers on the Worldcoin platform, their iris is scanned to create a unique and secure identification code.
Decentralized Blockchain: The generated identification code is then stored on a decentralized blockchain. This ensures that the information is tamper-proof and cannot be easily altered or duplicated.
Verification: Whenever the user engages in an online activity or uses the platform, their identity can be verified through the iris scan stored on the blockchain.
Preventing Fraud: The company claims that this system prevents the creation of false identities or engaging in fraudulent activities, as the iris scan provides a reliable and accurate way to establish a person's identity.
By utilizing iris scanning and blockchain technology, Worldcoin aims to create a trustworthy and efficient method of establishing and verifying a user's digital identity, ensuring authenticity in the digital world. Its goals are to enable democracy - but I find it a little icky that it’s also a cryptocurrency. To get verified, you need to visit one of 1.5K Orbs around the world.
This project is not new - it launched in 2019 - and I remember then thinking that this was crypto for your eyeballs - but it’s positioned as more than that. There is a coincidence that this comes less than a year from when ChatGPT was launched and also at a time when crypto is in a bit of turmoil.
I’ll continue to watch how this one plays out. I’m expecting Prood of Person as a new business model in an age of AI - and that’s how Worldcoin will make money - all while OpenAI continues to push the boundaries of what can happen. Check out the Techcrunch article below - and then deep dive a little further with Coindesk.
My two cents (coins!) worth - if this is really decentralised, and policed accordingly - this could be the bridge between physical and digital that we have needed - and this becomes a realised use case for crypto. Or if not, a black-market for your iris data.
Stay Curious - and don’t forget to be amazing,
Here are my recommendations for this week:
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The rise of makers: makers’ contributions result in significant outcomes in one part of the cycle and shift to the margins otherwise. Unrelated (lol): What are 'full-time children'? Young adults in China are rejecting the rat race and getting paid by their parents to do chores while living at home
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‘A certain danger lurks there’: how the inventor of the first chatbot turned against AI - Computer scientist Joseph Weizenbaum was there at the dawn of artificial intelligence – but he was also adamant that we must never confuse computers with humans
Flipping a Switch and Making Cancers Self-Destruct - Researchers at Stanford devised a strange new molecule that could lead to drugs that arm genes and make cancers work against themselves.
We already have an AI Underclass: Search engines, ChatGPT, and other AI tools wouldn’t function without an army of contractors. Now those workers say they’re underpaid and mistreated. Related: India’s AI newsreaders are multilingual, cost-saving and ‘never tired’. Can they replace humans?
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Rahim! Loved the Worldcoin briefing. Based on what you're saying, it seems like there are two approaches companies are pursuing for making sure AI content doesn't overhwhelm us: 1) Worldcoin and other proof of identity companies 2) Watermarking/labeling ideas (like the US Tech firms apparently agreed to at an AI summit). I am somewhat doubtful that watermarking will work, so I'm honestly glad to see the other approach has some traction.... but I agree it feels a little sketchy!