Reimagining Digital ID | World Economic Forum Innovative approaches to digital ID are now being developed that could help expand access while offering individuals control Decentralized ID, one such approach, could offer a secure way of managing data without depending on intermediaries While decentralized ID presents opportunities, it also poses risks and faces challenges Without fit-for-purpose policy, regulation and technology, the
Digital ID – what is it, why is it needed, and are governments . . . Why are governments developing digital IDs? Governments around the globe are increasingly focused on the benefits of developing digital identify systems The systems are viewed as ways to create secure online means for citizens to access government services as provision is increasingly moved online
UK government plans to roll out compulsory digital ID The UK government plans to make digital ID mandatory in a bid to improve public services and allay concerns around illegal immigration, the prime minister Keir Starmer has announced
What does a good digital ID look like? | World Economic Forum A digital ID uses technology to verify your identity: Around 3 2 billion people worldwide have one, according to a new report from the McKinsey Global Institute, which has analysed the use of digital ID in Brazil, China, Ethiopia, India, Nigeria, the UK and the US
This Kenyan ruling on digital ID may have global impact Digital ID systems can improve inclusivity, financial participation and access to government initiatives and services But a ruling by the Kenyan High Court highlighted concerns about their implementation, particularly around privacy and security Data protection, decentralization and increased trust in such systems are needed for them to succeed
Digital identity can help advance inclusive financial services This is where digital IDs can help, by allowing banks and smaller lenders to authorise identities and verify transactions in real time Further, an organisational-level digital ID system would speed up the inclusion of SMBs in digital banking
Digital identity dilemmas – and how governments are working to overcome . . . ID Austria already offers an identity card platform, Ebner explained, along with digital driving and vehicle licenses There’s also an e-signature system so robust that it can be used to buy and sell properties, and a business service portal providing access to services from a wide range of departments