The key objective of this global initiative is to catalyze progress towards universal ID and robust, secure, digital identification systems using 21st century technology solutions, such as the distributed ledger technology (DLT).
THE RATIONALE
UBIQUITOUS SMART DEVICES
Extensive use of mobile devices in the developing world, combined with the proliferation of low-cost biometrics, offer ubiquitous and simple means for capturing personal ID that can reach far more people, as well as and new, more efficient ways for government and business to reach and serve the populations who lack a digital ID.
NEW GENERATION TECHNOLOGYAdvances in distributed secure networks, plus the emergence of artificial intelligence (AI), are creating new models for conceptualizing and designing ID systems. Distributed ledger technologies (DLT) and solutions such as Blockchain are the next frontier for identity access and management.
GROWING ECOSYSTEMMarket consolidation of established players and emergence of new and innovative start-ups and alliances/consortia in the DLT and blockchain space are contributing to growing a $100 B+ ecosystem by 2022.
THE CHALLENGE
Efforts to shape a global secure ID system - that is progressive, efficient and universal - are hindered by :THE SOLUTION