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<ul>
 <li>Worldcoin open-sources SMPC to enhance biometric data security and enable secure deletion of old iris codes.</li>
 <li>Worldcoin’s SMPC system is robust against quantum computing, aligning with EU GDPR standards for data protection.</li>
 <li>Worldcoin’s user base surpasses one million; WLD token surged by 141% amid strengthened data security measures.</li>
</ul>
<p>The Worldcoin Foundation has announced the open-sourcing of its Secure Multi-Party Computation (SMPC) system to enhance the security of biometric data. This system encrypts iris codes into secret shares held by multiple parties, enabling the secure deletion of old iris codes previously used in its uniqueness-checking protocol.&nbsp;</p>
<p>According to Remco Bloemen, head of protocol at Worldcoin, this development aims to set a new standard for biometric data security.</p>
<p>The foundation has emphasized that the SMPC system is robust even against quantum computing threats. This move aligns with the organization’s commitment to developing privacy-focused technologies to improve trust and accessibility in the global economy.</p>
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   <p lang="en" dir="ltr">1/ The Worldcoin Foundation is proud to launch and open source a new SMPC system for increased user privacy!<a href="https://t.co/gkjcqZcOOC" rel="noopener noreferrer nofollow">https://t.co/gkjcqZcOOC</a></p>— Worldcoin Foundation (@worldcoinfnd) <a href="https://twitter.com/worldcoinfnd/status/1790728867302215911?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2024</a>
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<p><strong>Compliance and Privacy Measures</strong></p>
<p>Worldcoin’s open-sourcing initiative also aims to meet stringent data protection standards such as the EU General Data Protection Regulation. Jannick Preiwisch, Worldcoin’s data protection officer, stated that this development demonstrates the foundation’s dedication to compliance and enhancing user control over their data. Users now have the ability to manage their data personally and un-verify their World IDs if desired.</p>
<p>Worldcoin has faced regulatory scrutiny regarding its data practices, especially in Europe. In response, the foundation has implemented several measures to signal its compliance with global data protection laws.&nbsp;</p>
<p>In March 2024, Worldcoin made its iris-scanning Orb software open-source and introduced a personal custody privacy feature for user data. This was followed by further tightening of privacy checks in April, allowing users to un-verify their World IDs.</p>
<p>At the start of this year, Worldcoin achieved significant milestones, with its active daily user count surpassing one million for its wallet app. Additionally, the Worldcoin token (WLD) saw a surge of 141%. These developments underscore the foundation’s efforts to enhance its security protocols while expanding its user base and market presence.</p>
<p>The foundation’s initiatives reflect its ongoing commitment to user privacy and data security, setting new standards in the biometric cryptocurrency sector.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
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 <li><a href="https://cryptonewsland.com/worldcoin-debunks-privacy-accusations-assures-user-identity-protection/" rel="noopener noreferrer nofollow">Worldcoin Debunks Privacy Accusations, Assures User Identity Protection</a></li>
 <li><a href="https://cryptonewsland.com/worldcoin-pauses-world-id-in-kenya-as-regulators-express-concern/" rel="noopener noreferrer nofollow">Worldcoin Pauses World ID in Kenya as Regulators Express Concern</a></li>
 <li><a href="https://cryptonewsland.com/xrp-pro-lawyer-and-on-chain-analytics-ceo-pin-worldcoin-as-red-flag-investment/" rel="noopener noreferrer nofollow">XRP Pro Lawyer and On-Chain Analytics CEO Pin WorldCoin as Red Flag Investment</a></li>
 <li><a href="https://cryptonewsland.com/worldcoin-to-offer-user-id-database-to-companies-governments/" rel="noopener noreferrer nofollow">Worldcoin to Offer User ID Database to Companies, Governments</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/worldcoin-open-sources-smpc-to-enhance-biometric-data-protection/" rel="noopener noreferrer nofollow">Worldcoin Open-Sources SMPC to Enhance Biometric Data Protection</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Worldcoin Open-Sources SMPC to Enhance Biometric Data Protection

Crypto News Land

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