Worldcoin Foundation open sources a secure multi-party computation (SMPC) system to enhance biometric data protection and confirmed that users can now securely delete old iris codes.
As organizations increasingly rely on biometric data for various applications, from access to physical spaces to financial services, the frequency and impact of data breaches continue to escalate.
On May 15, the Worldcoin Foundation, the organization behind the Worldcoin iris biometric cryptocurrency project, announced that it open-sourced its secure multi-party computation (SMPC) system.
The new SMPC system, which is responsible for encrypting iris codes into secret shares held by multiple parties, enables the Worldcoin Foundation to permanently delete iris codes generated through its previous uniqueness-checking system.
