The Benefits of a Digital Identity
A digital identity is an essential part of your internet experience. It can provide many benefits, from better security for your personal data to improved access to services. Moreover, digital identity provides you with more control over how your personal information is used. This means that you can get the service you need quicker. Let’s take a look at a few of these benefits.
A digital identity is a unique way to prove your identity online. It removes the need to carry physical ID documents. Instead, a person can use their digital identity to sign online accounts. Various credentials can be used to prove your identity, including government and private sector credentials, educational certificates, disability permits, movie and concert tickets, and more. However, it can be difficult to use your digital identity safely and securely online.
The United States Department of Homeland Security Office of Strategy and Policy has opened a public comment period on the security of digital IDs by April 2021. Other nations, like France, have already started equipping citizens with trusted mobile IDs and dematerializing public services in an effort to improve quality. According to Gartner, by 2025, 60% of governments will have implemented digital IDs for their citizens. To make this happen, public agencies need a mature vision and strategy for digital identity. In parallel, they must also implement valuable services.
China’s Resident Identity Card is a good example of a digital identity system that acts as a cross-reference for other services. India’s Aadhaar card is also a digital identity service used by government institutions. Singapore’s SingPass service has also been extended to include private institutions. Countries like Australia, Korea, and the USA are also moving towards implementing digital driver’s licenses for their citizens.
Authentication and authorization are critical steps for protecting digital identity. Authentication involves checking the identity of the user and comparing it to the account. Depending on the type of identity, multi-factor authentication can be used to make sure the identity of the user is protected. The purpose of authorization is to determine what the user can do. A CEO is likely authorized to access more data and information than an average employee.
The use of digital identity is essential for business growth. It helps businesses identify customers. By storing information about a person’s activities, companies can use it to tailor their services to their needs. Businesses can even use digital identity as a way to protect their corporate identity. The use of this technology has enabled companies to personalize their content and serve targeted advertising.
As identity theft becomes more sophisticated, it’s important to ensure that security measures are robust in order to keep personal information protected. In the future, multi-factor authentication will become the norm for digital identity verification. These technologies will include a unique biometric identifier such as voice recognition or facial recognition. These methods are convenient and provide an extra layer of security.