According to Odaily, the Worldcoin Foundation and the team of crypto engineers at TACEO have announced the open-sourcing of a new Secure Multi-Party Computation (SMPC) system. They have also securely deleted the old iris code. This new method is open-source and can be used in the Github repository. It allows the iris code to be encrypted separately into multiple different secret shares held by multiple parties. This move is a significant step forward in enhancing the security and accessibility of the system.