- MIMOS Berhad partners with Worldcoin, TFH, and MyEG to improve digital credentials.
- The collaboration includes advanced iris-based verification.
- Worldcoin’s token (WLD) sees a 6.30% drop amid market bearishness.
Malaysia is taking steps to strengthen its digital infrastructure through its applied research and development agency, MIMOS Berhad, in collaboration with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG.
MIMOS aims to enhance its digital credentials by utilizing Worldcoin protocols and TFH’s digital Proof of Personhood (PoP) technologies. Through this collaboration, Worldcoin will offer individuals access to advanced humanness verification through iris imaging technology developed by TFH.
The MoU also explores potential collaboration in other areas, such as joint manufacturing of the Orb, a device central to Worldcoin’s operations. It also seeks to connect Worldcoin’s blockchain with Malaysia’s National Blockchain Infrastructure. Meanwhile, TFH will provide technical expertise and support for these projects, while MyEG will focus on technical integration and hardware deployment.
With recent expansions in Europe and Latin America, Worldcoin has already seen over 6.4 million individuals verify their identity globally.
Earlier this year, the Worldcoin Foundation introduced a secure multi-party computation (SMPC) system, improving the privacy and security of biometric data by splitting iris codes into secret components for unique verification without revealing personal information.
MIMOS has filed over 1,300 patents, contributing to Malaysia’s digital transformation and economic growth. The collaboration with Worldcoin and MyEG aligns with MIMOS’s goal of advancing Malaysia’s digital infrastructure and expanding its global technological presence.
Despite this collaboration, Worldcoin’s native token, WLD, has dipped 6.30% in the recent intraday session, trading at $1.48 during press time. According to data from Coincondex, Worldcoin’s current market outlook is bearish, with the Fear & Greed Index reading at 27 (Fear).
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/worldcoins-iris-scanning-tech-expands-to-malaysia/