Worldcoin (WLD) embraces self-custody amid regulatory pressure
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Personal Custody signifies a shift in the handling of data generated during World ID verification, including images, metadata and derived data, which is securely held on the user's device. This novel approach grants users not only the ability to delete their data but also to control its future use before deletion; it is a level of autonomy that was previously unavailable. The significance of this is that it is a departure from the default practice of data deletion.
One of the key advantages of Personal Custody is its ability to unlock new World ID use cases, particularly through Face Authentication for high-security applications. With Face Authentication, users can verify their identity at any time locally on their device, without the need for their data to leave their phone.
Additionally, optional Data Custody will no longer be offered during orb visits, ensuring that users have the opportunity to learn about Worldcoin before deciding to share their information. Experts say that with this level of user control, theAnalysts say that Personal Custody's regulatory scrutiny will be less on Worldcoin. In late January, the Hong Kong Privacy Commissioner's Office into Worldcoin under a court warrant.
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