Vitalik Buterin Voices Concerns Over Digital ID Projects

Ethereum co-founder Vitalik Buterin has raised significant concerns about digital identity projects, particularly those utilizing a one-identity-for-every-person model, like World. In his recent analysis , Buterin detailed the risks and trade-offs related to zero-knowledge proof (ZK) technology in identity verification. Vitalik’s Approach Will Help Balance Privacy and Identity Assurance He encouraged the blockchain community to consider a more decentralized and diverse approach. Projects like World (formerly Worldcoin) aim to create a global identity system where everyone has only one digital ID. They often use ZK-proofs, which verify data without showing the actual data. This approach helps to balance privacy and identity assurance. However, Vitalik Buterin warns that if these systems are not set up correctly, it may endanger pseudonymity, a key principle in the crypto community. Buterin also warns that a strict rule of one ID per person could lead to too much control and limit anonymous participation. Instead of having one universal ID solution controlled by a single entity, Buterin suggests a more diverse approach to identity verification. In this approach, systems such as biometric data, social connections, and reputation-based identities can work together. No single party would control the verification process, allowing users to choose the identity solution that best fits their privacy and autonomy needs. World Verifies Over 10M Humans Earlier this year, it was discovered that Sam Altman’s World project has verified over 10 million humans . Meanwhile, over 20 million users have downloaded the World App as part of the World project’s efforts. It is worth noting that the app helps users verify their identity using biometric scans. In return, users can access various features and benefits, including joining the World Project’s cryptocurrency ecosystem. Launched in May 2023, the World Project is now in over 160 countries. Also, Worldcoin introduced World Chain in April 2024, a novel blockchain project focused on empowering human users, optimizing performance, and driving practical adoption in real-world Web3 applications. This indicates that an increasing number of people are utilizing decentralized digital identity solutions, which has made the platform well-known for its identity verification capabilities. World Making Moves Amid Challenges Amid the regulatory challenges, World partnered with OpenAI to solidify its innovative solutions for regulatory compliance. Furthermore, the project implemented steps that led to the development of SMPC , alleviating concerns regarding data gathering and safekeeping. Meanwhile, top government officials remain interested in engaging with the project, despite growing curiosity and concerns surrounding AI. As reported by TheCoinRise, the project’s native token experienced a 28% token surge in November 2024. The surge is attributed to the rapid expansion of its identity verification services. It also followed the project’s aggressive roll-out into over 40 countries, igniting excitement and investor confidence. The post Vitalik Buterin Voices Concerns Over Digital ID Projects appeared first on TheCoinrise.com .

Source: The Coin Rise