Britain’s data regulator, Information Commissioner’s Office said that it will make inquiries into Worldcoin, a blockchain based identity and financial system that offers digital identity services and free crypto to its users who signup with the iris scans.
An officer of the spokesperson for the Information Commissioner’s Office told Reuters that:
“We note the launch of Worldcoin in the UK and will be making further enquiries.”– ICO Spokesperson
Worldcoin is a cryptocurrency built on Ethereum that offers digital identity security based on blockchain. The coin saw 2 million users since May 5, 2021. However since its launch on Monday, July 24, 2023, it faced heat from the community regarding its iris scan method to verify data.
Though iris scan method is a reliable way to prove that the user is a human, it is still a highly sensitive data to share with others much like fingerprints. Crypto community users have raised eyebrows regarding the storage and sharing of such sensitive data.
About ICO, UK
The Information Commissioner’s Office (ICO) is a UK regulatory body to protect information rights and help individuals have high control over their personal information.
The body is headquartered at Wilmslow, Cheshire.