There is no silver bullet to the challenges around digital identity systems, according to Christoffer O. Hernæs writing in TechCrunch. Hernæs should know. As Chief Digital Officer at Sbanken - Norway’s first digital-only bank - he has no doubt spent many long hours studying the dynamics between citizens, their identity, and their money in the digital age.
Hernæs speaks in this piece about the huge gap in verifiable identity for the unbanked, stating:
He goes on to explore human fallibility, decentralized, and self-asserted identity systems, Libra and Apple before giving his own view of what might be necessary in future to ensure people are protected: