Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Jeff John Roberts

Worldcoin's eye-scanning seems scary as hell—but don't write it off just yet

OpenAI CEO Sam Altman speaks to reporters at the Sun Valley Conference on July 11. (Credit: Kevin Dietsch—Getty Images)

It really does sound like something out of a sci-fi flick: Millions of people let a private company run by a billionaire scan their eyeballs in exchange for digital coins that the company promises will lead to a better future. If this were Hollywood, the next phase of the plot would involve a catastrophic hack or the company CEO turning evil and enslaving humanity.

Little wonder people are wary of Worldcoin, the startup that really is using a glass-like orb to collect millions of iris scans. But if you can get past the sci-fi caricatures, it's worth noting the project is making promising strides in trying to solve a very difficult problem: how to verify our online identities without giving up our privacy.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.