time for self-sovereign digital ID
Suggested by FP Francis Palmer MD over 3 years ago
We must own and control our identity in the new mobile/remote world/market economy.
Why Now?
Banks are proposing their form of digital wallet using outdated publicly identifiable databases (not permitted by GDPR standards) to identify if "you are who you're claiming to be online". Instead, we should have our own digital/secure identity that we can present and control. Our face can be used to identify us from every other person on the planet. Time to stop companies from using PII databases (DL/SSN/phone numbers) that are not secure.
https://www.fool.com/investing/2023/01/23/major-us-banks-develop-digital-wallet-to-compete-w/
Possible Solutions
Technology and National Security Fellow @ National Security Innovation Network
@Francis Palmer MD would users pay a fee to use this? Or would companies opt in to using this as a standard method of id (almost like a PayPal for IDs)?