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MIMOS Berhad partners up with Worldcoin to improve digital credentials.
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The collaboration includes advanced Iris-based verification.
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Worldcoin (WLD) token sees a 6.30% decline amid market bearishness.
Malaysia is strengthening its digital infrastructure with its applied research and developments agency, MIMOS Berhad. This is in collaboration with Worldcoin Foundation (WCF), Tools for Humanity(TFH), and MyEG.
MIMOS aims at enhancing its digital credentials using Worldcoin protocols, and TFH’s digital Proof of Personhood technologies (PoP). Worldcoin, through this collaboration with TFH, will provide individuals access to advanced humanness validation using iris imaging technology.
The MoU explores other potential areas of collaboration, such as the joint production of Orb, an important device for Worldcoin. It also aims to connect Worldcoin’s blockchain with Malaysia’s National Blockchain Infrastructure. TFH will provide technical support and expertise for these projects while MyEG will focus primarily on hardware integration and technical integration.
Worldcoin’s recent expansions into Europe and Latin America have already verified the identities of over 6.4 millions individuals worldwide.
The Worldcoin Foundation launched a Secure Multi-Party Computation (SMPC) System earlier this year. This system improves the privacy and security for biometric data, by splitting iris code into secret components to verify unique information without revealing personal details.
MIMOS has filed more than 1,300 patents and contributed to Malaysia’s economic growth and digital transformation. The collaboration between MIMOS and Worldcoin and MyEG is in line with MIMOS’s goal to advance Malaysia’s digital infrastructure, and expand its global technological presence.
Despite this collaboration Worldcoin’s native coin, WLD, has dropped 6.30% during the recent intraday session. It was trading at $1.48 as of press time. According to Coincondex data, Worldcoin’s current market outlook has a bearish tone, with the Fear & Greed Index at 27 (Fear).
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