Join the Community

21,017
Expert opinions
43,852
Total members
328
New members (last 30 days)
111
New opinions (last 30 days)
28,287
Total comments

This picture should wake up everyone

Be the first to comment 1

eIDAS2 is a fundamental step forward. It is building on MyData principles and the legal right for EUcitizens to get their data into practical use. One of the key elements is the no-need-for-technical-integration depicted below.

Still there may be some countries that see the wallets only an identification tools - instead of builders of identity for every citizen, organisation and a wide range of things. Forming the trust infrastructure (factwallets and cross-sector and borders interconnecting net)  that according to MvKinsey will have a 3-6% GNP impact. Many think this is an understatement and see it as even bigger than Internet.

Therefore it is the duty of responsible governments and EU to push it forward with legislation and some funding - together with responsible enterprises. But without the financial sector adoption will be too slow. 

Time for wake-up calls - all over the place. Excellent presentation here: https://mobeyforum.org/wp-content/uploads/2022/02/Mobey-Forum-Keynote-Drummond-Reed.pdf

 

https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-identification-a-key-to-inclusive-growth

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

21,017
Expert opinions
43,852
Total members
328
New members (last 30 days)
111
New opinions (last 30 days)
28,287
Total comments