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.
Data driven business with seamless customer experience
Seamless customer experience is the rein to sled your business into digital transformation whilst maintaining focus on important data forecasts. In 2023, we shared key components of Digital Identity in a digital economy.
The key resource that drives a data driven business in a digital economy are users, manage them well and you manage your business. ...
What is a Digital ID and Digital Wallet?
Digital ID and Digital Wallet are two terms being interchangeable used today by fintechs and software developers. However, both terms have slightly different meanings when it comes to usage of the underlying technology.
Digital ID or Digital Identity refers to a set of electronically captured and stored attributes and credentials that can uniquely identify a person ...
CyberSecurity Awareness Month : Protecting your digital ID with MFA
October is the month of raising awareness on the increasing cyber attacks. This year the awareness focuses on four (4) key area:
Using strong passwords and a password manager;
turn on multi-factor authentication;
recognize and report phishing; and
update your software.
We will focus ...
Laws and Policies governing the use of Digital Identity
To foster trust in any digital ecosystem, regulation and digital technology must equally co-exist. Technology must be built and designed upon ethical practices of ensuring organisations and governments protect the rights of people as well as deliver a robust digital service.
Digital Identity is a technology that transcends all economic sectors that rely on its use. ...