Sphere Identity, a global, digital identity system
, has launched its in-store and check-out solution.
Five Canadian banks have signed an agreement with SecureKey Technologies Inc's Verified.Me digital identity system
. The system will allow customers of Royal Bank of Canada (RY.TO), Toronto-Dominion Bank (TD.TO), Bank of Nova Scotia (BNS.TO), Canadian Imperial Bank of Commerce (CIBC) (TSX:CM) and Desjardins Group to verify their identities through a mobile app.
Organizations adopt the ForgeRock Identity Platform(TM) as their digital identity system
of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the Internet of things.
The Aadhaar digital identity system
in India, as Anum Malkani noted in her article published in this newspaper (Jan 6), has indeed become divisive with the inhumane mandating of the Aadhaar ID for the ultra poor for food transfers along with serious data privacy concerns.
A strong and unique digital identity system
is implemented at the manufacturing stage to ensure devices and applications can strongly authenticate themselves, proving their legitimacy to access sensitive data.
The combination of IHS Markit's kyc.com services with Cambridge Blockchain's distributed digital identity system
resolves the competing challenges of transparency and privacy, resulting in faster customer onboarding, lower costs, and enhanced compliance through a single, trusted and consistent view of customer reference data.
In 2009, my friend Nandan Nilekani, the tech entrepreneur, led a team of experts that helped the then-Congress Party-led government launch a national digital identity system
, known as Aadhaar (Hindi for"base").
This digital identity system
is extensible, inter-operable and at the same time ensures the utmost security, privacy and user-agency," said Cab Morris of the Illinois Blockchain Initiative.
In his follow-up article - (http://randomfoo.net/2011/06/14/tech-predictions-five-years-later) 'Tech Predictions, Five Years Later #' - Lin qualified the accuracy of his 'digital identity system
' prediction by admitting that in 2006, he believed Google "would end up taking it all".