The Challenge
The internet is powerful because of large networks. Email, social apps, and marketplaces are examples of such networks. The more participants they have, the more powerful they become. For the first time, Web3 and cryptocurrencies make it possible to distribute ownership and control of those networks to their users, rather than a single entity.
If a cryptocurrency were adopted at scale, it would vastly increase access to the internet economy and make applications possible that are now unimaginable. To rapidly get its new currency into the hands of as many people as possible, Worldcoin will allow everyone to claim a share of it for free. For this to happen, we first had to solve one major challenge: ensuring that every person on Earth can prove that they are indeed human (not a bot), and that they have not claimed their free share of Worldcoin already. This challenge is the longstanding problem of proving “unique-humanness” without intruding on privacy: how can you prove you are you, without having to tell us anything about yourself?
THE OPPORTUNITY
WorldCoin has built a new device called the Orb. It solves the problem through biometrics: the Orb captures an image of a person’s eyes, which is converted into a short numeric code, making it possible to check whether the person has signed up already. If not, they receive their free share of Worldcoin.
AJProTech team participated in development of a unique portable biometric identification device that may change how people around the world create digital wallets.
