Billion -Billions of networks have launched a digital identity platform that does not require users to provide their biometric data, a step that the company has said that maintains privacy and opposes the grain of competing projects like Sam Altman’s World.
According to a February announcement. The company says its verification system has been tested by Deutsche Bank and HSBC financial institutions.
More than 9,000 projects, including Tiktok and the World, use circus technology, the billions -billions of networks said.
The platform is launched in response to the growing challenge that users face in verification of their digital footsteps at an age at which Ai deepfakesSybil attacks and scams are rising.
Billions of Network also launched its platform in response to the growing concern around projects such as the World, formerly known as Worldcoin. The company’s controversial companion IRIS has brought major privacy concerns and has raised questions about the extensive biometric data collection.
In response to these concerns, Brazil’s data protection guardian guard Recently putting limits In how the world collects biometric data.
https://www.youtube.com/watch?v=j9KKDXJSOGE
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The digital identity that draws new importance
Projects such as billions of networks and the world get traction at a time when bots and AIS floods the Internet with low quality content and misinformation-threatening to reduce user’s real interaction.
Number Cointelegraph reportedIt is estimated that between 5% and 15% of social media platform accounts are bots. At the same time, Facebook cleans its platform with millions of fake user accounts per quarter.
In spite of all the benefits of AI, the emerging technology is Making scams in crypto is more scalable and earn.
Source: Chainalysis
A February Report of Blockchain Analytics Firm Chainalysis said 2025 could be the worst year for crypto scams due to the growth of Generative AI.
“Genai boosts scams, the leading threat to financial institutions, by enabling high honesty, low cost, and highly measured fraud that exploits human weaknesses,” says Chainalysis’ elad fouks.
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