TechFlow news, in an interview with BlockBeats, Worldcoin CEO Alex Blania discussed Worldcoin's vision, technical challenges, device manufacturing, regulatory issues, and future plans.
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Worldcoin's goal: Worldcoin aims to create a global identity and financial network accessible to everyone. Through this network, they hope to provide economic opportunities, distinguish between humans and artificial intelligence, protect privacy, advance global democratic processes, and ultimately achieve universal basic income funded by AI (AI-funded UBI).
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Orb iris-scanning device: The Orb iris-scanning device is a core component of Worldcoin, but its manufacturing and deployment face various challenges including technical, security, and privacy concerns. Alex stated they have already reliably distinguished hundreds of millions of people and plan to scale up to billions in the future.
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Device cost: Currently, each Orb device costs around $4,000, but they plan to reduce this price to enable broader deployment.
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Revenue model: At present, Worldcoin has not yet reached profitability and primarily relies on digital asset investments to support project development. In the future, they plan to generate revenue from the network itself.
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Regulatory issues: Worldcoin faces varying degrees of regulatory pressure across different countries, but they are willing to cooperate with regulators to ensure compliance. They will avoid working with countries that hold hostile attitudes toward cryptocurrencies.
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Future challenges: Alex mentioned future challenges include how to promote the product globally, comply with diverse national laws and regulations, and ensure product compliance. He also addressed energy supply issues, particularly the need for cheaper and more scalable energy production.
