The Worldcoin (CRYPTO:WLD) Foundation has taken a significant step towards bolstering biometric data security by open-sourcing its Secure Multi-Party Computation (SMPC) system.

This move allows for the secure encryption of iris codes into secret shares held by multiple parties, enabling the foundation to delete old iris codes while maintaining data protection.

With a focus on compliance with data protection regulations like the EU General Data Protection Regulation (GDPR), Worldcoin aims to provide users with more control over their data, including options for personal custody and un-verifying World IDs.

Additionally, the open-sourced SMPC system aligns with Worldcoin's commitment to improving trust online and increasing access to the global economy while addressing concerns raised by regulators regarding user data privacy.