Biometrics is a Security Hole on the Worldcoin Crypto Project

OpenAI co-founder and CEO Sam Altman put himself inside a biometrics crypto trap.

Tech millionaire (or billionaire) Sam Altman's start-up Worldcoin emerged from stealth mode and offered free cryptocurrency to global citizens who verify their accounts by taking an iris scan via a dedicated biometric device.

• The Worldcoin crypto project provokes global citizens to give their biometrics by offering cryptocurrencies in exchange for their biometric data!

This news is almost two years old (published Oct 2021).

Some governments and data privacy proponents raised severe data privacy concerns against Worldcoin.

• Biometrics makes the Worldcoin crypto project inherently security vulnerable.

Worldcoin seems to be a big mistake by OpenAI co-founder Sam Altman.

The Worldcoin provokes global citizens to give their iris biometric data.

What a cunning ploy to lure the common mass to go for an iris scan under their billion dollars biometrics project free of charge!

• Worldcoin biometrics crypto project started rolling out its biometric data collection by asking global citizens to go for an iris scan on their devices.

• In return, the users would earn pennies in Worldcoin cryptocurrency.

• The massive iris biometric data collected would be used to test run their AI software.

This is a poor deal for global citizens to part with their precious biometric data.

• After the official launch, Worldcoin's valuation rose to more than US dollar one billion through substantial investments from Andreessen Horowitz, Coinbase, and LinkedIn Co-founder Reid Hoffman.

Some governments and data privacy proponents raised severe data privacy concerns against Worldcoin.

• Worldcoin already shipped its iris biometric scanning devices to testers in many countries.

• Their biometric scanner captures and encrypts an image of users' irises, in exchange for a free share of Worldcoin's cryptocurrency.

Despite Worldcoin's clarifications that its biometric collection system respects users' privacy, Worldcoin's iris scanning project attracted the attention of data privacy advocates in different parts of the world.

• By this time, some governments and experts have raised serious data privacy concerns for collecting and storing biometrics data to be harvested with AI software.

The Kenyan government has ordered a PAUSE to the Worldcoin project in their territory. The government official said they want to understand what the iris scanner device does with the citizens' iris scans before giving an OKAY signal!

Biometrics data privacy is not the only problem in Worldcoin.

• The news media mainly report the data privacy aspects of biometric data collection by the Worldcoin project.

Do we understand that the impact of the biometrics crypto project Worldcoin would be beyond the data privacy concerns?

• Angel investors invest their money in anticipation of making huge financial profits from biometrics-driven Worldcoin crypto projects.

The investors don't have the essential technological knowledge about biometrics and hence don't understand the technical problems associated with biometrics recognition.

Biometrics makes the Worldcoin crypto project inherently security vulnerable.

Biometrics is inherently probabilistic and hence unreliable and lowers the security of authentication of humans.

• As a result, biometrics technology makes the Worldcoin crypto project inherently security vulnerable.

In my humble ten-plus years of hands-on research investigations in different biometrics modalities, I consider the biometrics crypto project Worldcoin a big mistake.

Conclusion

• The data privacy issue of biometrics is not the only problem of the over-hyped Worldcoin crypto project.

• The angel investors don't have the essential technological knowledge about biometrics and hence don't understand the technical problems associated with biometrics recognition.

• Biometrics is inherently probabilistic and hence unreliable and lowers the security of authentication of humans. As a result, the biometrics-driven Worldcoin crypto project is at severe security risk.

The biometrics crypto project Worldcoin seems to be a big mistake of OpenAI co-founder and CEO Sam Altman and the party.

Cheers!

Unity (Debesh Choudhury)

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#cryptocurrency #biometrics #worldcoin #chatgpt #privacy #security

Aug 09, 2023