On December 3, 2024, the tech and finance world witnessed a major event: the official launch of the World ID Passport. This marks a significant milestone in global identity verification, opening up new opportunities for millions of people worldwide to access WLD tokens. The pilot program is currently underway in countries like Chile, Colombia, Malaysia, and South Korea, allowing individuals to experience the future of secure identity verification and blockchain-based rewards. Let’s take a closer look at how World ID works, its benefits, and its potential to revolutionize digital identity with Bigworld.

1.Worldcoin Overview: How It Works, the World ID, and the World ID Passport

1.1 What is Worldcoin?

Worldcoin is a cryptocurrency developed by the Worldcoin Foundation, a non-profit organization with the goal of creating a fair and transparent global economic system. Designed to be a universal currency, Worldcoin enables users to make secure, private transactions worldwide. The platform aims to foster a decentralized financial ecosystem, making it easier for people across the globe to engage in digital finance.

World App, the first native wallet for Worldcoin (WLD), has achieved 10 million users within just a year of its launch. As the first wallet to support World ID, the World App plays a key role in delivering accessible, self-custodial wallet services globally.

Launched in May 2023, the app rapidly gained traction, reaching 4 million downloads by November. Today, it serves users in over 160 countries, with 2 million active daily users and more than 70 million transactions facilitated.

1.2 How Does Worldcoin Work?

To get started with Worldcoin, users must create a private key and a public key through the World App. They then visit a location equipped with an Orb device, which scans their retina. Once the retina scan is successful, the system verifies that the user is a real person and grants them a World ID, which acts as a "global digital passport." This system ensures privacy and security for users, allowing them to participate in the Worldcoin ecosystem while maintaining control over their identity.

2. What is an Orb?

The Orb is the core device used to verify a person's identity. The process involves several key steps:

Step 1: Scanning: The Orb scans and captures an image of the user's retina.

Step 2: Hashing: The captured image is converted into a hash and sent to the Worldcoin server to check if the user is already registered.

Step 3: Registration: If the user is not yet registered, the hash is added to Worldcoin's database and blockchain.

Step 4: Issuance: The user receives their World ID and is awarded free WLD tokens.

3. What is the World ID Passport?

The World ID Passport is a powerful tool that connects users’ valid IDs, such as NFC-enabled passports, with their World ID. One of the standout features of this passport is that users do not need to share their personal information with third parties, ensuring privacy and data security. All data is stored securely on the user’s device, allowing them to manage and control their personal information easily.

4. Benefits of the World ID Passport

The World ID Passport offers several important benefits for users:

Extended Access: It enables billions of people, including the 1.2 billion passport holders, to participate in and benefit from the World Network without needing to visit an Orb.

Secure Identity Verification: Users can verify their age and nationality without exposing their full identity, ensuring privacy protection. This process can be seen as a form of credential verification, allowing users to prove their identity without compromising their personal data.

WLD Token Rewards: Holders of the World ID Passport can claim additional WLD tokens, whether or not they’ve completed the Orb verification process. This creates an opportunity for those who haven't been able to participate earlier.

5. Who Can Participate in the Pilot Program?

Currently, the pilot program is available on iOS for individuals with NFC-enabled passports from Chile, Colombia, Malaysia, and South Korea. Android support will be coming soon, and access to the World ID Passport will expand to more countries in the near future.

Users can claim WLD tokens through simple verification steps:

World ID Verification: Those who have verified their World ID at an Orb can claim 50.06 WLD.

Verified Passport Holders: Users with verified passport certificates can claim approximately 25.83 WLD.

Full Verification: If users have both verified their World ID at Orb and have a verified passport, they can claim a total of around 77 WLD.

Source: Worldcoin

6. Conclusion

The World ID Passport not only provides access to WLD tokens but also paves the way for millions worldwide to become part of the World Network. This marks a pivotal advancement in creating a global financial ecosystem where individuals can seamlessly verify their identity and access financial services without any obstacles. Through its partnership with Worldcoin, BigWorld is fostering the development of a truly global community, linking users from all corners of the world.

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