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Digital Identity as an Investment

– Medium

The organizations that are currently working on digital ID, and why it matters

Outlining the problems with online identity verification as it stands, the author writes that people have no choice but to share personal information with many different providers, who in turn are burdened with having to store and protect this data.

“Finally, all identity solutions face an inherent trade-off between security (effectively and appropriately restricting access and excluding bad actors) and frictionless access (improving convenience and speed, and including more good actors.)”

The author contends that COVID has shone a light on the need for secure digital identity. She gives an overview of the World Economic Forum’s breakdown of the technical elements of digital identity, and describes the work of many companies working on identity issues.

The best identity solutions are privacy-first, nearly invisible, and improve convenience and/or security for customers

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