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Crypto has the opportunity to get us there.' (Blania and others have used вЂњWorldcoinвЂќ to refer to the company as well as the currency we do the same here.)Д«ut beyond these do-gooder intentions, Worldcoin would also solve key technical problems for Web3, the much-hyped, blockchain-powered third iteration of the internet, where data and content could be decentralized and controlled by individuals and groups rather than a handful of tech companies. In the same article the then 27-year-old Blania, who joined Worldcoin straight out of a physics masters program at Caltech, added that вЂњmany people around the world donвЂ™t have access to financial systems yet. The company was just getting started-its aim is to garner a billion sign-ups by 2023. Worldcoin was intended, he explained, to answer the question вЂњIs there a way we can use technology to do that at a global scale?вЂќ вЂњIвЂ™ve been very interested in things like universal basic income and whatвЂ™s going to happen to global wealth redistribution,вЂќ Sam Altman, WorldcoinвЂ™s cofounder and the former President of Silicon Valley accelerator Y Combinator, told Bloomberg, which first reported on the company last summer. To ensure there was no double-dipping, the chrome orb would scan participantsвЂ™ irises and several other biometric data points and then, using a proprietary algorithm that the company was still developing, cryptographically confirm that they were human and unique in WorldcoinвЂ™s database. The orb was necessary, the website continued, because of WorldcoinвЂ™s commitment to fairness: each person should get his or her allotted share of the digital currency-and no more.

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The companyвЂ™s website described Worldcoin as an Ethereum-based вЂњnew, collectively owned global currency that will be distributed fairly to as many people as possible.вЂќ Everyone in the world would get a free share, the company suggested-if they agreed to an iris scan with a specially designed device that resembles a decapitated robot head, which the company refers to as the вЂњchrome orb.вЂќ Two months before Worldcoin appeared in RuswandiвЂ™s village, the San FranciscoвЂ“based company called Tools for Humanity emerged from stealth mode. These practices may violate the European UnionвЂ™s General Data Protection Regulations (GDPR)-a likelihood that the companyвЂ™s own data consent policy acknowledged and asked users to accept-as well as local laws. We found that the companyвЂ™s representatives used deceptive marketing practices, collected more personal data than it acknowledged, and failed to obtain meaningful informed consent. Our investigation revealed wide gaps between WorldcoinвЂ™s public messaging, which focused on protecting privacy, and what users experienced. We interviewed Worldcoin CEO Alex Blania, and submitted to the company a detailed list of reporting findings and questions for comment.

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We observed scans at a registration event in Indonesia, read conversations on social media and in mobile chat groups, and consulted reviews of WorldcoinвЂ™s wallet in the Google Play and Apple stores. To answer that question, and better understand WorldcoinвЂ™s registration and distribution process, MIT Technology Review interviewed over 35 individuals in six countries-Indonesia, Kenya, Sudan, Ghana, Chile, and Norway-who either worked for or on behalf of Worldcoin, had been scanned, or were unsuccessfully recruited to participate.

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