Digital Identity - Thematic Intelligence
Summary
Digital identity is a collection of online information about a person, an organization, or a machine, which, when grouped together, can provide a digital representation of that entity. There are many possible use cases, but it took a global pandemic for governments to recognize that vaccination certificates on smartphones enabling foreign travel was the killer app that digital identity could deliver.
China is a clear leader in digital identity. It has the world’s most advanced social credit and surveillance systems and is planning a digital ID card to enable citizens to access services online. The Nordic countries and Estonia are well aware of the benefits of digital identities, as is India, with its Aadhaar ID system. The EU wants to give every citizen digital identity credentials accessible from digital wallets. Australia and New Zealand are edging towards legislation, and the UK and US are playing catch-up.
Financial services regulators’ adoption of anti-money laundering (AML) and know your customer (KYC) identity checks have catalyzed digital identity adoption. Public and private sector interoperability will be a measure of progress. Big Tech is staking its claim. Apple now supports mobile US driving licenses, and Microsoft has embraced decentralized digital IDs. Digital ID verification processes will cover users’ journeys through the metaverse.
Scope
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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