Worldcoin could make it easier to create digital identities for people worldwide. And even if it fails, more projects like it are coming.
In the tech industry, where many of the most significant innovations of the past few decades have occurred, there is often a tension between the drive to innovate and the need to consider ethical implications. As technologies like machine learning, facial recognition and big data analytics become more advanced, the ethical stakes also rise.
Worldcoin wants to solve the digital identity issue, and its approach to doing so is bypassing governments. A solution to interoperable, accessible digital identity means you do not have to worry if you lose your identity documents, or if you are no longer able to access them because of changes within your home country.
One of the reasons we don’t have this system working today is because Libra was disbanded after severe scrutiny. Some of its failings could have stemmed from being tied to a well-known founder who has not safeguarded our data or best interests well — Mark Zuckerberg. With the benefit of hindsight, we can say for sure that the minds working on the project were not Zuckerberg.
Yes, there’s a trend of private sector technologies trying to replace public services. Depending on how effectively your government works for you, you will have different opinions on the merits of this choice. But we should remember that the private sector can be better at problem-solving, especially when it comes to efficiently applying new technologies at speed.
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