Physical assets are rapidly being digitized and digital assets are being accepted everywhere, exchanged with new business models and asset classes.
New technologies such as AI, Blockchain and Crypto are enabling these however lack Good Digital Identity, too many standards, and doesn’t integrate well to society that people are already familiar. Most of all aren’t secure.
Digital ID is not Good Digital Identity
Good Digital Identity is not a Digital ID. There is a distinct difference. Identity is not just a Digital Signature or Certificate. Identity is the unique, high-assurance, multidimensional, consent-based, digitally verifiable identification, with a range of possible credentials (eg. biometrics, passwords, smart devices). Works securely whether you have an existing ID or not.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
To be genuinely empowering, digital forms of identification must ensure privacy, user value and control, and security. Public and private ID issuers should also build trust through transparency and accountability. We cannot assume technology alone will address these issues. We need to adopt systems that integrate good policy, standard practice, and ethical technologies. This is why the Good Digital Identity platform has been created.
When was the last time you used a digital device to, in some way, confirm your identity? If you’re like most consumers, it was probably today, when you logged into your email account or tried to check the balance of your checking account. You might have even done it when you used a thumbprint to unlock your phone.
We’ve grown so accustomed to the process of using digital methods to confirm our identities that we barely give it much thought, or how much impact it is in the world of AI, Blockchain and Digital?
The Japanese government recently approved a law amendment last month that will allow government workers to hack into people’s Internet of Things devices as part of an unprecedented survey of insecure IoT devices.
Unfortunately, most of the current technologies revolve around basic means of ID; most of your log-in options, for example, require you to conjure the username and passwords you’ve decided upon in the past. One person as an example could have multiple IDs.
For most systems, this is may be sufficient information for your ID but is it good? For more complex exchanges it is not such as proving that you’ve read and agree with a given document.
Good Digital Identity (a platform powered by SignKeys and Aerum, leaders in Blockchain, Security and Mobile Technologies) are pioneering the way Any Digital Technology AI, Blockchain and Digital Identity disrupt industries and decentralized Trust.
The World Economic Forum has published its white paper on digital identity. It is viewed as the key enabler to empower individuals to engage in the modern economy and with the modern state.
The ability to formally identify ourselves is a prerequisite for individual empowerment. It can help us improve our society—which in turn unlocks access to social inclusion, education, employment, financial services, communication, travel, and voting.
Good Digital Identity is the normative framing for any digital identity system that prioritizes individual empowerment while ensuring adequate safeguards. Specifically, it is inclusive, offers compelling personal value, and empowers individuals with privacy, security, and control. It builds trust with transparency and accountability. It also seeks to address exclusion, discrimination, surveillance, consent, and other key issues of our time.
Their solutions can provide immediate benefits to any business transacting with consumers in the digital world. Their clients are growing rapidly and span multiple industries, including some of the largest and fastest-growing providers across banking, card issuing, lending, e-commerce, alternative payments, payroll, and other industries.
Date: June 26, 2019
Source: Forbes
