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OIX Finds Digital Vouching Crucial to Prevent Millions Being Excluded from Digital ID Ecosystems

July 13, 2022
in Fintech
Reading Time: 2 mins read

Non-profit organization Open Identity Exchange (OIX) Has published a recent paper outlining the important role that the digital warranty process can play in addressing the issue of access to basic and essential public and private sector services.

Digital warranty is a process that involves someone who is already legally trusted to guarantee another individual they have known for some time, but who is having a hard time proving who they are. is.

when World Bank Estimated Digital IDs were widely recognized as the key to addressing this issue, as 1.1 billion people worldwide lacked formal identification and were therefore excluded from basic services.

However, as the digital identity ecosystem grows and trust frameworks have been established around the world to manage and enable the secure and fair use of digital IDs, individuals who are still unable to prove who they are. It became clear that was failing. OIX has revealed that in the UK alone, 11% of adults are still struggling to register. Digital ID

These individuals struggle to pass the registration process to obtain a digital ID when:

  • Without a comprehensive central government record for all citizens
  • If the digital ID registration process is by digitizing pseudo-ID documents such as passports and driver’s licenses, not everyone has them.
  • Evidence that an individual exists in a database, such as a credit database, is trusted as part of the proof process, that is, possession of a bank account is an important factor in identity registration.

By allowing these “ID Challenged” individuals to use the digital bouch as a “root of trust” credential throughout the registration process, they can create their own guaranteed digital ID. According to OIX, digital bauchi can play an important role in enabling verification in many situations where an individual still cannot easily prove who he or she is.

OIX believes that digital bauchi will enable a more comprehensive digital identity ecosystem and requires governments and trust framework providers to implement it as the primary evidence of the entire registration process.

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Nick Mother Show, The Chief Identity Strategist at OIX said: Solving identity issues should be a priority for everyone. Otherwise, most of society will continue to be excluded.

“Our message is clear. Without government and trust frameworks implementing digital assurance, we can’t have a comprehensive digital identity ecosystem.”

  • Polly Jean Harrison

    Polly is a journalist, content creator, and general opinion holder from North Wales. She has contributed to many publications, usually focusing on fintech, technology, lifestyle and body positivity topics.

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