World competitor Billions Network launches non-biometric digital ID

Billions Network has launched a integer recognition level that doesn’t necessitate users to manus implicit their biometric data, a determination the institution says preserves privateness and goes against the atom of competing projects similar Sam Altman’s World. 

According to a Feb. 28 announcement, Billions Network has created a universally accessible verification level for humans and AI agents that’s based connected Circom, its zero-knowledge verification technology. The institution claims that its verification strategy has already been tested by fiscal institutions Deutsche Bank and HSBC. 

More than 9,000 projects, including TikTok and World, person utilized Circom technology, Billions Network said.

The level was launched successful effect to the increasing situation users look successful verifying their integer footprints successful an property wherever AI deepfakes, Sybil attacks and scams are connected the rise. 

Billions Network besides launched its level successful effect to the increasing interest astir projects similar World, formerly known arsenic Worldcoin. The company’s arguable iris scans person sparked large privateness concerns and raised questions astir widescale biometric information collection. 

In effect to these concerns, Brazil’s information extortion watchdog recently enactment limitations connected however World collects its biometric data. 

Related: Microsoft is boosting capableness to enactment OpenAI’s GPT-4-5, GPT-5 models

Digital individuality taking newfound importance

Projects similar Billions Network and World are gaining traction astatine a clip erstwhile bots and AIs are flooding the net with low-quality contented and misinformation — some of which endanger to trim authentic idiosyncratic engagement. 

As Cointelegraph reported, it’s estimated that betwixt 5% and 15% of accounts connected societal media level X are bots. At the aforesaid time, Facebook purges its level of millions of fake idiosyncratic accounts each quarter. 

Despite each the benefits of AI, the emerging exertion is making crypto scams much scalable and profitable. 

Source: Chainalysis

A February study by blockchain analytics steadfast Chainalysis said 2025 could beryllium the worst twelvemonth for crypto scams owed to the maturation of generative AI.

“GenAI is amplifying scams, the starring menace to fiscal institutions, by enabling high-fidelity, low-cost, and highly scalable fraud that exploits quality vulnerabilities,” said Chainalysis’ Elad Fouks.

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