Using Web3 and NFTs to create another slate of millionaires isn’t a good use of the technology, says EndeavourXR CEO Amy Peck.
Category: biometric data
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Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share personal data in a privacy-focused manner. Worldcoin Unveils World […]Powered by WPeMatico
Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance Coinbase and its online ‘app-based’ Platform,” a proposed class action lawsuit details. Coinbase ‘Wrongfully Profits’ From Users’ Facial […]Powered by WPeMatico
Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans.
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PR: Multiversum: 4th Generation Relational Blockchain Supporting Biometric Inputs
You probably remember a strong, purportedly unbreakable padlock being used to secure a safe box to, well, keep it safe! These could be breached, so pin-locks were developed. These, too, were not failsafe. By now, you’ve probably come across safes secured with biometric inputs like fingerprints, eye scan or body heat. Better yet, your latest smartphone is probably unlocked with your fingerprint on the sensor.
Imagine these biometric inputs being used to secure your digital money: that’s an unbreakable layer of security because no two humans give the same biometric inputs. Writing and storing such information on the blockchain would cloak it with the principles of decentralization and immutability, increasing security for your private data.
The post PR: Multiversum: 4th Generation Relational Blockchain Supporting Biometric Inputs appeared first on Bitcoin News.
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