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Worldcoin Launches Developer Preview of World Chain Blockchain, Marking a Milestone in Establishing a Global Digital Identity Platform

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Release: 2024-07-16 16:36:26
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Worldcoin has introduced the developer preview of its World Chain blockchain, marking a significant milestone in its journey to establish a global digital

Worldcoin Launches Developer Preview of World Chain Blockchain, Marking a Milestone in Establishing a Global Digital Identity Platform

Worldcoin has unveiled the developer preview of its World Chain blockchain. This marks a significant milestone in the company's journey to establish a global digital identity platform. The preview will give developers a chance to experiment with the blockchain and provide feedback before the launch of the World Chain mainnet later this summer.

The blockchain-based digital identity system is also closely linked to Worldcoin's cryptocurrency project, which sees users rewarded with tokens for registering their iris biometrics — proving they are unique human beings and not bots. Worldcoin has been enrolling users around the world through biometric onboarding devices, known as “Orbs”. Interactions on the World Chain are set to be conducted via the World ID app, which has over 10 million users globally.

In a recent blog post, Worldcoin said that the World Chain aims to provide a platform for developers to build applications that will use Worldcoin to give users in Europe, Latin America, Asia, Africa, and beyond, access to applications designed to improve their lives. These applications will include stablecoin finance, international remittances, commerce, and other use cases that can benefit from proof of humanness, especially in these regions.

Tools for Humanity, the organization behind the World App and a major contributor to the Worldcoin project, also recently announced key executives to lead different aspects of the digital identity platform. These appointments include Rich Heley, a former Apple, Meta, and Tesla executive, who will be managing the Orbs as Chief Device Officer, and Ajay Patel, a former Google executive, who will be leading World ID.

Worldcoin's initiative to launch the developer preview of World Chain is a strategic step towards refining and perfecting its blockchain technology ahead of the mainnet launch. By inviting developers to engage with the blockchain and provide feedback, Worldcoin aims to ensure that the platform is robust, secure, and user-friendly. The integration of biometric verification through iris scans adds an additional layer of security and uniqueness, addressing the growing concern of bots and fake identities in the digital space.

The World ID app, serving as the primary interface for interactions on the World Chain, is poised to play a crucial role in this ecosystem. With a substantial user base already in place, the app is set to facilitate seamless interactions and transactions, leveraging the power of blockchain technology to deliver real-world benefits to users. The focus on regions such as Europe, Latin America, Asia, and Africa underscores Worldcoin’s commitment to inclusivity and global reach, ensuring that the benefits of blockchain technology and digital identity verification are accessible to a diverse audience.

The experienced executives from leading technology companies joining Worldcoin also highlight the company's innovation drive. Heley's role in managing the Orbs and Patel's leadership of World ID are expected to drive the development and adoption of the platform, bringing their expertise and vision to the project. This strategic leadership is anticipated to accelerate Worldcoin's mission to create a secure, efficient, and globally accessible digital identity platform.

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source:kdj.com
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