Digital ID is the future

Recently, a coalition of industry leading businesses joined forces with the Linux Foundation to establish Trust over IP (ToIP). The coalition includes IBM, MasterCard, and CULedger, among others. The fact that such big players are interested in this project should indicate how important digital ID is.

To be clear, digital ID is something that affects just about every consumer segment in the country. The fact that there isn’t wide adoption of global—or even national—digital credential standards is surprising.

But those standards do exist, most notably ones published by the W3C (World Wide Web Consortium) , and any solution that conforms to those standards should be pursued—both to reduce fraud and to prevent identity theft. Here’s how it works:

 

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