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World Network in Philippines to Battle Scams with Human ID
Worldcoin has officially landed in the Philippines, aiming to curb scams and promote financial inclusion by utilizing its human-centric digital identity solution. The platform intends to address the pressing issue of bot-driven misinformation and deepfake-related fraud, particularly in light of the country’s upcoming midterm elections.
The World Network has announced the launch of its services in specific cities within Bulacan, with plans to expand the technology nationwide. This development comes as a timely response to the growing concerns regarding online security and transparency ahead of crucial elections.
According to reports, World ID provides individuals with a means to prove their identity online without compromising sensitive information. Users are required to be verified by an Orb before being issued a unique digital identification that serves as a shield against fraud. This technology is poised to revolutionize the way Filipinos engage in financial transactions and interact with social media platforms.
By participating in World Network, individuals will have access to a comprehensive platform for secure online interactions without the risk of their data falling into the wrong hands. The World ID system has already garnered over 23 million registered users globally, including more than 11 million verified humans.
The company emphasizes its commitment to user privacy and utilizes advanced technologies such as Anonymized Multi-Party Computation and zero-knowledge proofs to complement existing data privacy efforts in the Philippines.
Source: blockonomi.com
