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Latest articles tagged:

Identity

2207, 2018

How digital identity solves privacy and compliance problems for business

|22 Jul 2018|News|

Businesses around the world are grappling with the consequences of data privacy regulations. Gathering the wrong information, or too much information, can create compliance risk. Digital identity systems promise to remove the compliance burden and open up new opportunities by returning control of personal data to the individual.

1207, 2018

Belt & Road initiative a catalyst for new identity technologies

|12 Jul 2018|News|

It is hoped that Belt and Road associated nations will be generating 80% of the world’s GDP by 2050. To achieve this goal, however, the 68 countries taking part will have to contend with a range of challenges relating to identity interoperability.

2103, 2017

Sphre securing online services with blockchain technology

|21 Mar 2017|News|

According to customer identification manager LoginRadius, four out of five people dislike the tedious process of providing personal information for website registration. The Baynard Institute, a web research company based in the UK, reports that 35 percent of online shoppers abandon their shopping carts due account creation requirements, while ITProPortal estimates that we will have over 200 digital accounts to manage by 2020.

1209, 2016

The $5 billion opportunity for reinsurers

|12 Sep 2016|Resources|

New research commissioned by PwC highlights the extent to which blockchain could reduce the processing time and cost of placement, claims settlement and key processes such as compliance checks, e.g. sanctions (other compliance checks noted for wholesale insurance include AML/KYC). The research also showed that blockchain solutions can provide a better view of identity and risk. And given the amount of data flowing between client, broker, reinsurer and outsource service providers, all of which requires multiple data entry and reconciliation, the transformational potential within reinsurance is even greater.

2305, 2016

The inhumanity of humans and the importance of identity

|23 May 2016|News|

We had an all-day meeting on Friday about Digital Identity, at the United Nations. There are almost two billion people born with no identity.  There is no record of their birth. There is no proof of their existence. As a result, these people can disappear without a trace. There is no evidence of their disappearance because there is no evidence of their existence. Many of those who disappear are girls, sold into sexual slavery. Many others are victims. Victims of war. Victims of politics. Victims of human traffickers. Victims of the inhumanity of humans to humans.

2105, 2016

ID2020, held at the United Nations, features ‘lots and lots of Blockchain’

|21 May 2016|News|

During the inaugural ID2020 summit, held at the UN headquarters in New York on Friday, representatives from over 50 technology businesses discussed the world's Identity problems, including representatives from at least half dozen blockchain-centered companies. The purpose of the annual event is to make sure that every human being has access to identity services, even if they have no state-issued identification. “One fifth of the world's population is without legal identity” the ID2020 website states. "Without legal identification people are invisible to society and vulnerable to trafficking, prostitution, and child abuse."

1104, 2016

How do I know it’s the digital you?

|11 Apr 2016|News|

We had a fascinating chat about digital identities at the Innovate Finance Global Summit today. It was a private roundtable with members of government, central banks, the banking and Fintech community and commentators/observers. Listening to the dialogue going to and fro, I realised that this is one nut that’s too tough to crack. Here’s the lowdown.

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