Malaysia has officially adopted Worldcoin’s iris scan technology as part of its digital transformation strategy. This significant step aims to improve the security and efficiency of digital identity verification across the country.
The adoption stems from a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, which is Malaysia’s governmental research and development body. It aims to align Worldcoin’s highly secure biometric option called ‘proof of work’ with the existing digital ecosystem in Malaysia.
Under this collaboration, partners will co-produce the “Orb,” a biometric device for iris scans, and implement Worldcoin’s blockchain system into Malaysia’s National Blockchain Framework. This process will not only improve the identification of the clients but also transparency, and new strategies made possible by Worldcoin’s open-source platform.
Malaysia Adopts Worldcoin for Identity and Transaction Security
The MoU between these organizations also summarizes the intention to employ the Worldcoin technology, not only for identity verification. The technology could be useful in executing secure transactions and other related functions that are part of the digital economy in Malaysia. Through incorporating Worldcoin’s biometric verification system, Malaysia seeks to establish a model for other nations intending to manage enhanced Digital Identity.
This came after the Malaysian authorities allowed trading in Worldcoin tokens through licensed digital asset exchanges. Worldcoin has been the subject of regulatory attention in different areas because of its intrusive and vulnerable biometrics database.
For instance, due to concerns about the collection and storage of biometric information, Germany’s Bavarian State Office for Data Protection Supervision and Hong Kong’s Office of the Privacy Commissioner for Personal Data have imposed a service suspension on Worldcoin temporarily.
However, Worldcoin refuses to stop its expansion worldwide and intends to overcome these issues, adapt to local privacy regulations, and carry on the development of new products in the sphere of digital assets.