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John Kiff

Blockchain 'Immunity Passport' Could Get You Back to Work - 0 views

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    Oracle has partnered with Vottun, a company that specializes in the certification and traceability of data on the blockchain, to release a digital health passport that could enable employees currently in lockdown to go back to work.  The digital credentials system - known as an 'Immunity Passport' - created by Vottun records your immunity status on the blockchain which can easily be checked.
John Kiff

Making blockchain-based digital identity retina scans easier - 0 views

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    Blockchain-based QuantumCrypt enables users to be identified without biometric information being stored on a centralized system-reducing the risk of highly sensitive data falling into the hands of hackers. It takes iris, fingerprints, and 2D face scans and converts them into a unique biometric code for identification. Eliminating the need for electronic storage is said to make this technology more cost effective for Internet of Things applications, without compromising on security.
John Kiff

Central bank digital currencies can also protect identity - 0 views

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    "The implementation of a digital dollar solution would quite likely precipitate future developments in the digital identity space, given the synergy of a dual-architecture solution."
John Kiff

COVID-19 'Immunity Passport' Unites 60 Firms on Self-Sovereign ID Project - 0 views

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    Technologists building blockchain-based self-sovereign identity (SSI) tools are collaborating on an "immunity passport" to help stop the spread of COVID-19 without compromising the privacy of users.
John Kiff

Remittances in times of the coronavirus - keep them flowing - 0 views

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    The World Bank recommends the following key actions to accelerate the efforts to reduce remittance prices to respond to the challenges of widespread unemployment and the plight of migrant communities in host countries; (i) embrace the new emerging remittance models, (ii) support universal financial access in receiving countries and amongst migrant workers in sending countries, (iii) enhance domestic retail payment systems promoting interoperability and fast payment services and enable leveraging these for remittances, (iv) enhance AML/CFT compliance in receiving countries and support development of digital ID solutions, and (v) support development of comprehensive integrated cross-border payment solutions for MSME trade flows, ecommerce and remittances.
John Kiff

The US needs these 4 upgrades to its digital infrastructure to effectively fight the co... - 0 views

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    As Washington shifts focus to the next phases of the coronavirus crisis response, there is more vocal discussion of infrastructure investment. Any investment in infrastructure needs to include digital financial infrastructure. It is imperative that the U.S. upgrade its financial infrastructure on four digital fronts: payments; currency; identity, and data.
John Kiff

How Biometric Wallets and eMoney Ensure Nations Can Respond to Pandemics - 0 views

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    The U.S. government needs a stimulus payment system that ensures the policy objectives are met. It could be based on programmable eMoney ("digital dollars") or eVouchers that are time-stamped, purpose-limited, and even location-limited to prevent users from hoarding them. Loans to small businesses could be tied to payroll or capital expenditure. Such eMoney or eVouchers could be sent or received directly to users' eWallet accounts and settled over an automated clearing house.
John Kiff

The AMF launches Guidelines on Digital Identity and e-KYC for the Arab Region - 0 views

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    The Arab Monetary Fund published the Arab Regional Fintech Working Group's Digital Identity and Electronic Know Your Customer (e-KYC) Guidelines for the Arab Region.
John Kiff

Commission proposes a trusted and secure Digital Identity - 0 views

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    The European Commission (EC) proposed a framework for a European Digital Identity which will be available to all citizens, residents, and businesses in the European Union. The proposed European Digital Identity wallets will enable holders to prove their identity and share electronic documents with the click of a button on their smartphone. They will be able to access online services with their national digital identification, which will be recognized throughout Europe. Very large platforms will be required to accept the use of European Digital Identity wallets upon request of the user, for example to prove their age. Use of the European Digital Identity wallet will always be at the choice of the user.
John Kiff

MOSIP - 0 views

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    MOSIP provides only the core modules needed for an identity system. MOSIP Commercial Partners will be responsible for customisation and integration at a country or intergovernmental organisation level, creating specific solutions that vary according to a user's requirements.
John Kiff

Singpass (MyInfo) National Digital Identity - 0 views

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    "Singpass is every Singapore resident's trusted digital identity, as well as a platform that bridges access to over 340 government agencies and private sector services. From checking your CPF, to renewing insurance policies, and signing digitally on documents, we have developed a suite of services and features to bring convenience to the everyday lives of citizens."
John Kiff

Evernym The Self-Sovereign Identity Company - 0 views

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    Evernym is using distributed ledger (blockchain) technology. They've created a blockchain-based platform called Sovrin (pronounced like "sovereign") that aims to solve the digital identity problem.
John Kiff

Reimagining identity ecosystems in Sub-Saharan Africa with mobile - 0 views

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    This GSMA report explores the digital ID landscape in selected markets in Sub Saharan Africa, key actors, policy challenges and opportunities, and the potential role of mobile-enabled digital IDs in enhancing service delivery in a socially impactful manner.
John Kiff

Self-Sovereign Identity in a Globalized World: Credentials-Based Identity Systems as a ... - 0 views

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    On a general level, self-sovereign identity is intended to preserve the right for the selective disclosure of different aspects of one's identity and the various components thereof, in different domains and contextual settings. This right should apply irrespectively of whether these aspects and components have been issued by a particular government, company, or organization. More specifically, self-sovereign identity also refers to the idea that individuals shall retain control over their personal data and, to a certain degree, over the representations of their identities (or personas) within a particular identity management system. This requires giving them the ability to establish (and control) who has the right to access specific pieces of information about them, with a high degree of granularity.
John Kiff

The Road to Digital Money - Twenty Two Suggestions for Leveling the Roadbed Before We P... - 0 views

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    This David Siegel essay argues that, soon enough, we will start to talk about the real-world realization of the dream of a digitally native dollar. It then goes on to recommend that the US government create a task force whose goal is to overhaul the financial system we have today to better serve the 9-10 billion people who are coming this century. It starts with an overview, then presents 22 goals for the task force to achieve before we begin coding up a digital dollar infrastructure.
John Kiff

Unleashing the potential of digital identity: a sandbox observation - 0 views

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    Since its first cohort in 2016, the U.K. Financial Conduct Authority (FCA) Regulatory Sandbox has supported 14 digital ID models. Also, there have been 15 applications for Direct Support to the FCA Innovation Hub and 6 of these are now receiving that support. Many other digital ID providers have engaged with the FCA through various channels such as the Anti-Money Laundering TechSprints. The FCA, in collaboration with The City of London, has also recently completed a pilot Digital Sandbox, which provides data access and a digital testing environment to help innovative businesses develop proof of concept. Two digital ID propositions participated in the pilot.
John Kiff

Sri Lanka's Central Bank to develop Blockchain Technology based KYC Proof of Concept - 0 views

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    The Central Bank of Sri Lanka is developing a blockchain-based shared know-your-customer proofs of concept. Over 40 companies, including 17 foreign companies applied, either individually or jointly, to develop the POC. After several rounds of selection, the CBSL selected three applicants to be tasked with this project.
John Kiff

Digital on-boarding policy to enable account opening anytime, anywhere - 0 views

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    Bank Negara Malaysia issued a policy document on Electronic Know-Your-Customer (e-KYC). The policy document aims to accelerate and streamline practices of industry players in their adoption of e-KYC technology.
John Kiff

Australian government's digital business plan includes $5M for blockchain - 0 views

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    The Australian government unveiled a $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology (DLT) initiatives. The plan outlines $4.95 million in support for two blockchain pilots directed at reducing business compliance costs. $480 million has been designated for various technological initiatives that could intersect DLT, including $183 million towards a new digital identity system, and $301 million for developing a single business register - allowing businesses to quickly view, update and maintain their business registry data in one location.
John Kiff

7 Korean banks go live with blockchain decentralized identity service - 0 views

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    "Korea's BankID, a decentralized identity (DID) solution called MyInfo, went live on August 27 with seven banks. The solution was a joint development between the Korea Financial Telecommunications and Clearings Institute (KFTC) and Raon White Hat, a subsidiary of Raon Secure, the developer of the OmniOne blockchain... Users create a digital identity with any of the banks by providing the usual sort of documents. The details of the digital identity that's created are securely stored on the user's smartphone. The customer can use the DID for bank logins and if the person wants to make an application at a different bank, they can share selected details from MyInfo with the other bank. The wallet stores details such as mobile phone number, address and e-mail. It also includes a bio identity, which may involve facial recognition."
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