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 Worldcoin to allow government and businesses to use ID system Report

Worldcoin to allow government and businesses to use ID system Report


Published: 2023-08-02


1. WorldCoin's ID System for Government and Businesses WorldCoin has recently announced the development of an ID system that will be available for use by governments and businesses. This system aims to provide a secure and efficient way for entities to verify the identities of individuals. By implementing blockchain technology,WorldCoin believes that its ID system can reduce the risk of identity fraud and streamline processes that require identity verification. This development has the potential to revolutionize the way governments and businesses handle identity verification,creating a more secure and convenient system for all parties involved.

2. Enhanced Security through Blockchain Technology One of the key advantages of WorldCoin's ID system is its utilization of blockchain technology. By leveraging the decentralized and immutable nature of blockchain,the system can enhance security and protect against identity fraud. The use of cryptographic hashes ensures that personal information is securely stored and cannot be tampered with. Additionally,the decentralized nature of blockchain ensures that there is no single point of failure,making it more resistant to hacking attempts. This level of security is crucial when dealing with sensitive personal information and can instill confidence in governments and businesses to adopt WorldCoin's ID system.

3. Streamlining Identity Verification Processes Another benefit highlighted by WorldCoin is the potential for streamlining identity verification processes. Currently,many governmental and business procedures require extensive manual verification,which can be time-consuming and prone to errors. WorldCoin's ID system aims to automate and simplify these processes,utilizing blockchain technology to facilitate instant and reliable identity verification. By eliminating the need for manual checks and reducing the reliance on physical documents,the system can significantly improve efficiency and reduce costs. This streamlining of identity verification processes could have far-reaching implications in various sectors,from immigration and border control to financial services. In conclusion,WorldCoin's announcement of an ID system for governments and businesses represents a significant development in the field of identity verification. By leveraging blockchain technology,the system offers enhanced security and streamlined processes,which could revolutionize the way identities are verified. This development has the potential to address concerns surrounding identity fraud and improve efficiency in various sectors.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,068.60 2,196,085,563.60
2 BTC title=BTC 61,014.01 1,605,086,233.99
3 ETH title=ETH 2,973.89 748,812,605.12
4 SOL title=SOL 142.36 597,113,912.43
5 PEPE title=PEPE <0.01 325,156,384.18
6 RUNE title=RUNE 6.01 218,811,696.56
7 DOGE title=DOGE 0.15 176,948,669.98
8 RNDR title=RNDR 10.38 168,163,679.55
9 XRP title=XRP 0.51 160,234,352.58
10 WIF title=WIF 2.82 158,700,427.74
11 ENA title=ENA 0.86 144,808,292.51
12 WLD title=WLD 5.46 116,930,283.78
13 UMA title=UMA 3.51 86,563,709.58
14 BOME title=BOME 0.01 86,128,756.43
15 NEAR title=NEAR 7.10 85,578,925.03
16 ADA title=ADA 0.45 76,649,754.68
17 AVAX title=AVAX 33.98 71,010,721.29
18 ETC title=ETC 27.22 59,400,087.79
19 JTO title=JTO 3.71 57,823,270.19
20 BONK title=BONK <0.01 57,161,215.33
21 FLOKI title=FLOKI <0.01 51,974,073.08
22 BEL title=BEL 0.87 50,217,061.77
23 TRX title=TRX 0.13 47,443,263.08
24 SUI title=SUI 1.00 46,753,846.97
25 PEOPLE title=PEOPLE 0.03 43,108,529.72
26 ARKM title=ARKM 2.41 41,706,710.59
27 ETHFI title=ETHFI 3.62 41,108,396.25

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 UMA title=UMA 3.51 +37.91
2 Komodo title=KMD 0.42 +17.22
3 ConstitutionDAO title=PEOPLE 0.03 +16.54
4 Bella Protocol title=BEL 0.87 +13.13
5 Moonriver title=MOVR 14.41 +11.20
6 High title=HIGH 4.41 +9.59
7 BakerySwap title=BAKE 0.26 +7.12
8 THORChain title=RUNE 6.01 +6.92
9 API3 title=API3 2.43 +6.87
10 Bounce title=AUCTION 16.89 +6.83
11 Orion title=ORN 1.42 +5.24
12 RAD title=RAD 1.72 +5.21
13 Bluzelle title=BLZ 0.38 +4.96
14 Adventure Gold title=AGLD 1.03 +4.91
15 Game title=GTC 1.20 +4.62
16 Frax Share title=FXS 4.23 +4.21
17 Perpetual Protocol title=PERP 1.05 +3.95
18 Curve DAO title=CRV 0.44 +3.90
19 Akropolis title=AKRO <0.01 +3.78
20 Harmony title=ONE 0.02 +3.75
21 Celo title=CELO 0.81 +3.75
22 GMX title=GMX 25.20 +3.75
23 Kusama title=KSM 28.80 +3.52
24 Render title=RNDR 10.38 +3.41
25 Badger title=BADGER 4.31 +3.39
26 Dusk title=DUSK 0.32 +3.38
27 Zcash title=ZEC 23.12 +3.35
28 BinaryX [OLD] title=BNX 0.96 +3.29
29 Band Protocol title=BAND 1.49 +2.97
30 LeverFi title=LEVER <0.01 +2.90

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 IDEX title=IDEX 0.06 -10.92
2 Ethena title=ENA 0.86 -6.63
3 Pendle title=PENDLE 4.50 -6.58
4 Viction title=VIC 0.52 -6.44
5 DIA title=DIA 0.46 -6.41
6 Worldcoin title=WLD 5.46 -6.40
7 W 0.61 -6.34
8 Axelar title=AXL 1.09 -5.76
9 TrueFi title=TRU 0.11 -5.65
10 Reserve Rights title=RSR <0.01 -5.54
11 Nano title=XNO 1.12 -5.48
12 Ontology Gas title=ONG 0.54 -4.79
13 Paris Saint-Germain Fan Token title=PSG 4.03 -4.70
14 IoTeX title=IOTX 0.05 -4.69
15 Decred title=DCR 19.69 -4.42
16 Ethernity Chain title=ERN 4.80 -4.33
17 Cats Of Sol title=COS 0.01 -4.32
18 Polymesh title=POLYX 0.37 -4.25
19 Aevo title=AEVO 1.23 -4.15
20 Sui title=SUI 1.00 -4.05
21 IQ title=IQ <0.01 -4.04
22 Vanar Chain title=VANRY 0.17 -4.03
23 Pyth Network title=PYTH 0.47 -3.95
24 FarmBot title=FARM 71.68 -3.89
25 Lido DAO title=LDO 1.88 -3.83
26 NULS title=NULS 0.65 -3.75
27 Grok title=XAI 0.65 -3.75
28 Powerledger title=POWR 0.31 -3.65
29 BENQI title=QI 0.01 -3.48
30 dogwifhat title=WIF 2.82 -3.47

Bitcoin's Greed and Fear Index.

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55
Greed

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at news day date time
1 Unemployment Claims Thursday 09-05-2024 13:30
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7 Prelim UoM Consumer Sentiment Friday 10-05-2024 15:00
8 Prelim UoM Inflation Expectations Friday 10-05-2024 15:00
9 FOMC Member Barr Speaks Friday 10-05-2024 18:30
10 Federal Budget Balance Friday 10-05-2024 19:00

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