Worldcoin Foundation has released an open-source system that it claims can improve the protection of sensitive information, including the data generated when people sign up for the Worldcoin project.

"The system, available now in a Github repository for any organization to use, aims to set a new standard for data protection, including the protection of biometric data," according to a statement. Worldcoin said the new open-sourced system is based on secure multi-party computation.

Worldcoin Foundation said it migrated to the new system and, in doing so, deleted the iris codes it collected after people who signed up for the Worldcoin project had their eyeballs scanned by Orb devices. The Worldcoin project gives people cryptocurrency, or WLD tokens, when they sign up and have their …