Great article, thanks! The last few sections really make it seem like a dumpster fire.

So, in simple terms, the value proposition is that the retinal scan will generate a unique ID of a person in the system and ensure that a person cannot be registered more than once. This will then allow the system to be used for tasks like authentication or ensuring fair distribution of tokens. Another potential use case mentioned is something like the administration of Universal Basic Income (UBI), whereby the system would verify that people receive UBI and cannot claim duplicate payments. You could also extend that idea to things like government ID.

The privacy concerns would probably prevent a roll-out in most Western markets, so it will be interesting to see if they can generate enough business in other markets.