Identification News

China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage.

THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust allows users full control over their data, giving it an edge over competitors like Microsoft Entra.

Billions Network has launched its mobile identity app for Android and iOS, offering AI-resistant, privacy-preserving verification using NFC-based document checks and zero-knowledge proofs.

Unlike Ledger’s previously released key recovery product, Ledger Recover, the new Ledger Recovery Key is always offline and doesn’t require identification.

Many users said they would delete accounts or consider moving to another platform if Reddit were to adopt World’s verification system.

World claims to offer financial inclusion through identity verification, but critics warn it may sacrifice decentralization, privacy, and self-sovereignty.

World, formerly known as Worldcoin, is a digital ID project that uses iris scans to create a digital identity.

Privado ID co-founder Evin McMullen warned against short-term thinking for quick economic gains and compromising ethical standards.

With the advent of Web3, decentralized identity solutions (DIDs) are considered key for securing users’ digital footprint.

Although World has reached a significant milestone, regulatory headwinds across jurisdictions remain a challenge for the project.

“The whole problem with centralized systems is that there’s a center,” Naoris chief strategy officer David Holtzman told Cointelegraph.

According to World Bank data, an estimated one billion individuals worldwide lack official identification credentials.

The governments of Australia, Palau, Argentina, and Estonia are experimenting with different forms of decentralized identity solutions.

The blockchain identity verification project also announced new verification methods.

Because biometric data cannot be replaced, storing the data requires the highest levels of security, Evin McMullen told Cointelegraph.