Wednesday, December 25, 2024

World ID

Many Malaysians are queuing to register for the Worldcoin Orb through MyEG to obtain a World ID. The initiative involves biometric data collection, specifically iris scans, for identity verification, followed by passport verification. This process ensures that each registered individual is uniquely identified as human. While the registration process is facilitated by MyEG and supported by MIMOS Berhad, the biometric data is processed and managed by Worldcoin, a decentralized network emphasizing privacy and security. Worldcoin's system generates a unique identifier, called an IrisHash, from the iris scan. This IrisHash is stored on a decentralized blockchain, not as raw biometric data, but as a mathematical representation that cannot be traced back to the individual. This approach is designed to maintain privacy while enabling secure digital identity verification. The main attraction for many registrants is the reward of free WLD tokens, which are distributed to those who successfully register and complete the verification process. These incentives, alongside Worldcoin’s promotion of its technology, have driven significant interest and participation in Malaysia.