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HomeNewsWorldcoin to Cease Personal Data Storage for 4.5 Million Users Amid Privacy...

Worldcoin to Cease Personal Data Storage for 4.5 Million Users Amid Privacy Concerns

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  • Worldcoin will end the storage of personal data, adopting self-hosting to strengthen the privacy of its 4.5 million users.
  • Biometric information will be stored on user devices, not in Worldcoin databases, improving data security.

Worldcoin’s move to cease storing personal data on its 4.5 million users marks a major shift in privacy management within the crypto space.

Going forward, Worldcoin will implement a self-hosting system for personal data, known as Personal Custody, allowing information, including images, metadata and derived data generated by the Worldcoin Orb, to be stored on users’ devices.

Users can explicitly opt to give the Worldcoin Foundation access to their images in order to ensure trust, security and system enhancement.

This adjustment follows concerns expressed by several countries about Worldcoin’s handling of personal information, which even led to activity bans in some territories. Worldcoin’s decision to allow users to host their own data reflects an effort to address these concerns and improve the security and privacy of user information.

Related: Orb Software Secure: Trail of Bits Audit Finds No Worldcoin Vulnerabilities

The company has also indicated that users will have the option to grant the Worldcoin Foundation access to their Orb images if they wish, which is a step toward maintaining trust and security while optimizing the system.

This series of measures by Worldcoin comes at a time when the project has attracted the attention of government authorities in countries such as Germany, South Korea, France, Kenya and Spain, mainly due to issues related to privacy and biometric data collection, as we have described in ETHNews.

The legality of its operations has been clarified after Spain’s National Securities Market Commission will take temporary measures against the project. By shifting towards Personal Custody and processing images locally on users’ devices, Worldcoin seeks to eliminate the need to store data on the Orb or upload it to a server, providing users with more direct control over their personal information.

This change could have a positive impact on how user security is perceived in the crypto sector, potentially setting a new standard for personal data protection in the industry.

 

The current price of Worldcoin USD (WLD-USD) is approximately 8.5716 USD, up 0.3350 USD (4.07%) recently.

WLD_1D_graph_coinmarketcap (1)
Spurce: Coinmarketcap

Its price range for the day has been USD 8.4106 to USD 8.6190, and over the last year, it has fluctuated between USD 0.0056 and USD 11.8171. Worldcoin has a market capitalization of approximately 1.345 billion USD, with a circulating supply of 156.96 million WLD.

It is trading on 265 active exchanges, with a trading volume of 273,979,040 USD in the last 24 hours.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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