Understanding Zero-Knowledge Proof in Digital Identity
A proof that uses special cryptography and a link secret to support selective disclosure of information about a set of claims from a set of credentials. A Zero-Knowledge Proof (“ZKP”) provides cryptographic proof about some or all of the data in a set of Credentials without revealing the actual data or any additional information, including ...
Ensuring Integrity of user data through the use of Digital Identity
Data is now often referred to as the new oil—a critical resource that powers economies and drives innovation. For user data to be valuable, it has to be trusted, consistent and, accurate, to maintain its integrity and value.
Understanding data privacy and data sharing in YuTru Digital ID
Data privacy is about users having the ability to protect and control their personal information. It ensures that users have the right to decide how their data is collected, used, and shared, to safeguard their privacy and autonomy. Effective data privacy measures give individuals confidence that their personal details are secured from unauthorised access and ...
Digital Identity a vehicle for tangible economic growth
In 2019, McKinsey Global Institute predicted in a research paper that implementing Digital ID could unlock 3 to 13 percent of GDP by 2030. Since then many developing and developed countries have embarked on deploying National Digital Identity Services or improving and upgrading their National Identity Systems to implement robust Digital Identity Systems.
Under the hood – Digital Identity
Digital Identity is becoming the most discussed term on the internet that it is now deemed the core of digital transformation. With all these terminology, one wonders about the technology that constitutes or shapes the term “DIGITAL IDENTITY”. Let’s delve into the use case - customer onboarding, and shift through each layer of Digital Identity ...
Digital ID forecast in 2024 and what it means for Papua New Guinea
The world and technology has been moving and evolving to adapt to instant service demand from consumers who are pushing for better quality service. The business wire has stated how biometrics will become the cornerstone of the US financial services market security infrastructure.