Worldcoin Open Sources Security System to Keep User Data Safe !!

#notcoin #altcoins #BinanceLaunchpool #BlackRock #BTC Worldcoin’s new open-source SMPC system offers advanced protection for biometric data, highlighting how open-source approaches improve security.

Worldcoin Foundation launched and open-sourced a new SMPC system.Open Source enhances security through transparency.Worldcoin hopes to align with global security regulations. Worldcoin, a crypto project co-founded by Sam Altman of OpenAI, has been facing criticism over its practices around user data protection. As the firm handles sensitive biometric data of its users, security is key, and the company has already faced a security breach in the past.In response to these criticisms, Worldcoin has taken steps towards better security. Most recently, the company has launched and open-sourced its secure multi-party computation (SMPC) system, aiming to boost the security of biometric data. 

Worldcoin Goes Open Source with Its Security System

On Wednesday, May 15, the Worldcoin Foundation launched its secure multi-party computation (SMPC) system, now available as open-source software on GitHub. This system is designed to bolster the security of biometric data, such as iris codes, by dividing secrets into multiple parts managed by different parties. 

This method ensures that no single entity can decrypt the entire secret, protecting it against unauthorized access. To further boost security, Worldcoin has deleted the old iris codes after migrating to the new SMPC system. Worldcoin collaborated with technologists from TACEO and Tools for Humanity to overcome the typical scale and cost constraints associated with SMPC systems. This new implementation makes SMPC viable for large-scale biometric data protection.