Quietly and ceaslessly over years, our lives have been shifting online. We shop, book holidays, buy travel and entertainment online. We bank online. We communicate online. We meet potential partners online....the list is endless.
Yet our identities are still buried in mountains of paper: passports, birth certificates, marriage certificate driving licence, utility bills, etc etc. And still, we have to dig out these pieces of paper to prove our right to carry out many essential things in life.
Surely it is time for a digital identity?
The UK has been making efforts towards this goal for some years but we still have not got there. Yet other EU countires are happily using digital IDs to access public services.
Distributed Ledger Technologies offer new possibilities in digital identity, as it enables entities, independent of each other, to rely on the same shared, secure and auditable source of information in a way that fits well with a system of widespread digital identity. Banks are looking to DLT to provide a solution to know-your-customer requirements - checks into the status of an individual or company, which are currently inefficient, costly and time-consuming. Likewise, others are looking inot the possibility of creating a blockchain of blockchains, connecting various permissioned and public systems so that a digital identity could be truly universal.
So will blockchain bring the long awaited universal digital ID? Join us at techUK for a lively debate with expert speakers from across the spectrum.
- Kaspar Korjus, Managing Director, e-Residency, Republic of Estonia.
More speakers tbc