Decentralized identity and financial network

Worldcoin was founded with the aim to create a decentralized identity and financial network to enhance accessibility in the digital and global economy. Users can obtain a world ID, which serves as proof of personhood, through an iris scanning orb. The purpose is to address the challenge of distinguishing humans from bots and ensure secure transactions by authenticating individuals with their biometric data. Although concerns about mass data collection and privacy have been raised, Worldcoin aims to create a network that facilitates trade and financial interactions while keeping users' identities private.