What does a good digital ID look like?

identity card

(Kyle Glenn, Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Sean Fleming, Senior Writer, Formative Content


Being able to prove and verify your identity is a necessity at the very start of life and at the very end. Your birth is registered and the certificate is likely to be needed when it comes to obtaining a passport, getting married or opening a bank account.

Image: McKinsey

And yet, approximately 1 billion people in the world don’t have a way to formally prove their identity. They are among the ‘left behind’ and are missing out on many things taken for granted elsewhere – access to economic opportunity, education, healthcare rights, and more. All as a result of being outside of formal channels of ID verification.

Image: McKinsey

As the range of services migrating to the digital sphere increases, the importance of having a strong digital ID is becoming just as important.

A digital ID uses technology to verify your identity: Around 3.2 billion people worldwide have one, according to a new report from the McKinsey Global Institute, which has analysed the use of digital ID in Brazil, China, Ethiopia, India, Nigeria, the UK and the US.

 Six key interactions digital ID can facilitate

Six key interactions digital ID can facilitate
Image: McKinsey

A digital identity can streamline transactions between governments and citizens, and dramatically reduce many of the lengthy processes involved in complex negotiations such as buying or selling a house.

And for some companies working in regulated markets, it can help simplify the process of finding all the details needed for an audit or for meeting ‘know your customer requirements. Digital ID can deliver all the necessary checks and balances instantly while also providing customers with a record of activity.

 Unlocking global value

Unlocking global value
Image: McKinsey

 

As a result of easier, faster and more accurate transactions, McKinsey believes digital ID can create economic value. Analysis suggests that digital IDs could unlock value equivalent to between 3 and 13% of GDP by 2030.

The gains will come from formalizing economic flows, promoting higher inclusion of individuals in a range of services, and allowing incremental digitization of sensitive interactions that require high levels of trust.

 Four steps to good digital ID

Four steps to good digital ID
Image: McKinsey

McKinsey defines a good digital ID programme as one that is:

  • Unique
  • Verified and authenticated to a high degree
  • Established with individual consent
  • Protects user privacy
  • Able to ensures control over personal data.

There are some concerns, however, about the safety of digital ID strategies and their potential for abuse or misuse.

But McKinsey says a well-designed digital ID programme can overcome many of the most common worries. Minimizing the data that is gathered, restricting access and the sharing of information as well as robust governance are all important tools to help guard against potential risks.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

The ‘yellow vests’ undermined Macron in France and the EU

Hollande protects the euro from the attacks of extremists

YO!Fest back in Strasbourg for the 2nd edition of the European Youth Event – 20-21 May 2016

UN court increases sentence of former Bosnian-Serb leader to life imprisonment

Batteries can power sustainable development. Here’s how

Sahel crisis reaching unprecedented levels, warn top UN humanitarian officials

China is building 8 new airports a year

Asylum seekers in Sri Lanka fear for their safety, in wake of Easter Sunday terror attacks

More state aid to big firms, no special provisions for the SMEs

An open letter to Europe’s leaders

Fostering global citizenship in medicine

‘Passport to dignity’ that schools represent may expire fast, without emergency funding warns UN Palestine refugee agency

This is what the world’s waste does to people in poorer countries

Overcoming the paralysis of trust management across a fractured IT landscape

‘Collective endeavour’ needed to strengthen peacekeeping further, says top UN official

The United States divorce rate is dropping, thanks to millennials

Facebook: MEPs demand a full audit by EU bodies to assess data protection

How Africa and Asia are joining forces on universal healthcare

Brexit talks stalled at launch; issues with European Court’s authority in Britain

China’s lead in the global solar race – at a glance

How to end overfishing in the global South

Can we create an empathic alternative to the capitalist system?

How the world can gear up for the fight against cancer

This robot boat delivered a box of oysters in a breakthrough for unmanned shipping

The EU sides with China against the US; but has Germany capitulated to America?

Boris as UK Premier to be cornered if attempting a no-deal Brexit

Nigel Farage and Boris Johnson: who forced the two ‘brave’ Brexiteers to quit?

The future of work ‘with social justice for all’ tops agenda of centenary UN Labour conference

Charges against Baha’i in Yemen must be dropped: UN experts urge release of detainees

Drinking water: new plans to improve tap water quality and cut plastic litter

EU adopts retaliative measures in response to US steel and aluminum tariffs

External action: more funds for human rights, development and climate change

How to beat gender stereotypes: learn, speak up and react

6 ways to ensure AI and new tech works for – not against – humanity

Syria still suffering ‘staggering levels’ of humanitarian need, Security Council hears

Launch of Pact for Youth: European Youth Forum calls for real business engagement

An introduction to ‘Eco-Medical Literacy’ and its importance in shaping expert medical professionals

How trade tariffs could help combat climate change

MWC 2016 LIVE: Under Armour learns from “robust community of data”

How wealthy people transmit this advantage to their children and grand children

Zhua Zhou: Choosing The Future

The EU Consumer Policy on the Digital Market: A Behavioral Economics View

We need to protect 30% of the planet by 2030. This is how we can do it

Where will evolution take us in the Fourth Industrial Revolution?

Could robot leaders do better than our current politicians?

Migration crisis update: What are the chances of a fair deal at this EU Summit?

8 things we need to do to tackle humanitarian crises in 2019

MWC 2016 Live: Roshan CEO opens up on Afghanistan challenges

Christine Lagarde: the three priorities for the global economy

In Bali, UN chief Guterres outlines importance of international financial cooperation for sustainable development

‘Health is a right, not a privilege’ says WHO chief on World Health Day

90% of fish stocks are used up – fisheries subsidies must stop

Top UN political official updates Security Council on Iran nuclear deal

Gender equality in STEM is possible. These countries prove it

Climate change is exacerbating hunger in some of the world’s poorest countries. And those most at risk are the least to blame

Bring killers of journalists to justice: UN agency seeks media partners for new campaign

Is there a way out of the next financial crisis? Can more printed money or austerity save us all?

European Parliament and Eurovision sign partnership for European Elections

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines

The EU patent space and Unified Court are born

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s