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Credentials galore – the new megatrend

January 3, 2024
in Fintech
Reading Time: 2 mins read
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Credentials galore – the new megatrend

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2023 was the 12 months when it was extensively realised that e-identification – necessary as it’s – is only one credential constructing the e-identity of residents and organisations. With the already accessible EUDI-compliant basic objective and routinely interoperable
pockets purposes for all issuers, holders and repair suppliers – we may begin serving to residents, organisations and issues create digital twins of themselves by getting entry – with out technical integrations – to verified information from each private and non-private
sector organisations.

The Self-sovereign Id that is primarily based on,  may even change into the agency basis for extra productive, extra energy-efficient, privacy-respecting and moral synthetic intelligence options. https://www.linkedin.com/posts/bo-harald-4768b51_connecting-ai-to-the-trust-infrastructure-activity-7125393724984991745-wleY?utm_source=share&utm_medium=member_desktop


It took a couple of rounds in Brussels to get the consensus in place that the organisation ID-wallets are the precondition for getting the wanted information to residents’ and organisations’ life occasions – as already GDPR artwork 20 is mandating for enterprise’s half. Now the
EU-funded EWC-consortium led by the Nordics is specializing in this elementary step to each higher productiveness (3-6% GDP progress in line with McKinsey) and higher providers throughout sectors and borders.


2024 would be the 12 months when particularly central and native governments will realise that they’ve the p r i m a r y duty to make the migration to belief infrastructure occur quick. This occurs by issuing all kinds of easy eye-opening credentials so
that residents and organisations can get the wanted set to their life occasions at hand.  This provide will construct a tsunami of demand additionally in the direction of enterprises and open the eyes in each organisation. Make them see the worth of getting verified information from different enterprises,
the general public sector, staff and residents as clients. And issuing their very own credentials through all the time interoperable ID-application to the identical purposes in enterprises and the general public sector. 

Evidently that banks ought to make their selection – be on the desk – or on the menu

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