Worldcoin Introduces New Custody Feature for User Data
A privacy-focused altcoin that utilizes eye-scanning artificial intelligence (AI) technology is implementing a new custody feature that will enable users to store their data on personal devices. Worldcoin (WLD), created by OpenAI CEO Sam Altman, believes this change will enhance the overall utility of Worldcoin and solidify its user-centric architecture.
“Personal data custody, or Personal Custody, means that the information (images, metadata, and derived data) generated during World ID verification is held on your device. This approach gives you control over the flow of this data – not just deletion, but any future use prior to being deleted.”
According to Worldcoin, the new feature results in an encrypted data package stored on the user’s device while being deleted from the project’s orb. This ensures that users have complete control over their data and enhances privacy and security.
Increasing User Control with Personal Custody
The implementation of personal custody in Worldcoin’s platform allows users to have more control over their personal data. By storing data on personal devices, users can:
- Control the flow and usage of their data
- Safeguard their information by leveraging double encryption
- Ensure confidentiality and privacy in case of device compromise
Addressing Privacy Concerns in Spain
In response to privacy concerns raised by users, the Spanish government ordered Worldcoin to stop collecting data earlier this month. The implementation of personal custody addresses these concerns and provides users with greater control over their personal information.
Current Trading Status of WLD
At the time of writing, WLD is trading at $8.22, reflecting a 1.3% increase in the last 24 hours.
Stay Informed with The Daily Hodl
To stay updated on the latest news and developments in the crypto world, subscribe to The Daily Hodl’s email list. Get direct email alerts delivered to your inbox so you never miss important updates.
Conclusion: Empowering Users with Personal Custody
Worldcoin’s implementation of personal custody for user data is a significant step towards empowering users and addressing privacy concerns. By allowing users to store their data on personal devices, Worldcoin ensures that individuals have complete control over their information and can protect their privacy more effectively.
Hot Take: Worldcoin Puts User Privacy First
Worldcoin’s introduction of personal custody for user data exemplifies its commitment to prioritizing user privacy and control. This innovative feature solidifies Worldcoin’s position as a privacy-focused altcoin that provides users with enhanced security and confidentiality.
By
By
By
By
By
By