Which means you are giving all your data up front to be verified! And that eye scan can be hacked and ultimately used by anyone. They can't even lock down big companies and government databases, what makes you think this database won't be hacked? IMHO

Visa Launches Biometric Digital Identity Initiative For Payments

The fusion of identity and transaction signals a future where privacy and access are rewritten by design.

https://reclaimthenet.org/visa-launches-biometric-digital-identity-initiative-for-payments