World ID Credential, a digital identity tool developed by World, has launched in Malaysia.
This initiative is part of World’s plan to create an inclusive financial public utility and identity system.
World, formerly Worldcoin and co-founded by OpenAI’s Sam Altman, aims to provide digital identity solutions globally.
The World ID Credential enables users to link identification documents, starting with passports, to their World ID, eliminating the need for physical verification at an Orb.
This feature is also being introduced in Chile, Colombia, and South Korea.
Upon verification, users receive 26 WLD tokens, in addition to any tokens earned through Orb verification, with distributions decreasing over time.
World ID Credential complements the existing Orb verification system, offering an alternative way to participate in the World Network.
The tool employs Zero-Knowledge Proof (ZKP) technology to ensure that data remains exclusively on the user’s device, preventing access by third parties, including the World Foundation and its operator, Tools for Humanity (TFH).
This approach aims to provide digital identity solutions to the estimated 1.2 billion passport holders worldwide, particularly those without access to physical verification options.
The launch aims to address the growing concerns about digital security in Malaysia, where fraud cases involving deepfake technology have resulted in RM2.2 million in estimated losses this year.
Currently available via the World App for iOS users, there are plans to expand access to Android users.
More information is available on World’s official website and social media channels.
World has faced regulatory scrutiny in several countries. In Singapore, concerns have been raised about its data collection practices, while in South Korea, fines were imposed for unauthorised data processing.
Featured image credit: Edited from Freepik
