Current Affairs question from Patwari exam, 2024 by JKSSB
The term 'Worldcoin' which was recently seen in news, is a/an?
Last updated May 15, 2026
Correct Answer:
Option D —
Initiative to create a digital network in which everyone can claim some kind of stake, and join the digital economy.
• Worldcoin (now rebranded as World Network) is a crypto-project co-founded by OpenAI CEO Sam Altman. Its primary goal is to build the world’s largest identity and financial network by providing a reliable way to distinguish humans from AI bots online.
• The project uses a biometric imaging device called the "Orb" to scan a person's iris. This creates a unique "World ID" (a digital passport) that proves the user is a real and unique human without revealing their actual identity.
• In exchange for joining the network and verifying their humanity, users in many regions receive a "stake" in the form of WLD tokens (cryptocurrency). This mechanism is designed to enable universal access to the global digital economy.
• Unlike Option A, it is not backed by central banks; rather, it is a decentralized private initiative. It also differs from Option C as its focus is on identity and finance rather than being a social media platform.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
