World Network, formerly known as Worldcoin, has launched a pilot program for its World ID 2.0 Passport Credential, testing the feature in Chile, Colombia, Malaysia, and South Korea.
Announced during the “A New World” event in San Francisco, the World ID Passport Credential represents a significant advancement in global digital identity verification. By integrating NFC-enabled passports with the World ID, the initiative allows users to securely verify their identity while maintaining full control of their data, stored exclusively on their devices without third-party involvement.
Key Benefits of the World ID Passport Credential:
- Accessibility: Over 1.2 billion passport holders can now join the World Network without needing proximity to an Orb for biometric verification.
- Anonymity: Users can verify key identity attributes, such as age and nationality, while remaining anonymous.
- Token Rewards: Uniquely, users can claim WLD tokens even if they have not verified their uniqueness through an Orb.
Currently, the pilot program is available on iOS devices in participating countries, with plans to roll out support for Android and expand to other regions soon.
Impact on WLD Tokens
The introduction of the Passport Credential has already boosted the market performance of WLD tokens, driving up prices and trading volume. Analysts are optimistic about the token’s trajectory, with technical indicators pointing to further gains. This upward trend highlights the increasing utility of WLD as the World Network integrates innovative identity solutions.
Strategic Implications for World Network
This development positions the World Network as a frontrunner in secure digital identity verification. By eliminating reliance on centralized systems and enhancing the privacy and utility of its services, the World ID Passport Credential broadens user participation in the network. Additionally, it strengthens the ecosystem by linking identity verification with cryptocurrency rewards, creating a compelling incentive for new users.
As the pilot expands and evolves, it promises to reshape how individuals interact with digital identity systems, offering privacy, accessibility, and security on a global scale.
