A library of snippets
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A third of the businesses we surveyed indicated that payments using biometric identification and authentication will be the top commerce and payment trend of 2023. Nearly a fifth (19.8%) reported they will invest in enabling biometric identification and payment authentication in the year ahead.
From Top 5 2023 Payment & Commerce Trends | Global Payments (UK).
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The bill as it’s currently drafted is structured to see the phased expansion of Digital ID, nationally and then economy wide.
This will be done in four phases:
Firstly, to legislate for Digital ID, establish the rules, the regulator and protections and continue expanding use across government and also the accreditation of public and private providers. We are calling this Phase One.
Phase Two is to allow state and territory Digital IDs to be used to access a Commonwealth services.
The third phase will be to allow myGovID to be used in the private sector; for example, myGovID could be used to open a new bank account with an Australian bank, or verify you when signing a telco contract or real estate lease.
Fourth will be to allow accredited private sector Digital IDs to verify you when accessing some government services. This will be the fourth and final phase.
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The GAIA-X moveID project is led by Bosch and aims to combine decentralized communications and data technologies and Self-Sovereign Identities (SSIs) with integrated payment capabilities for automotive applications.
The project is part of the Gaia-X 4 Future Mobility programme and will demonstrate an app for peer-to-peer parking and charging as a first glimpse of its vision of a decentralized mobility service ecosystem. This can also be extended to smart grid and even smart city applications.
The demonstration involving Tesla and Jaguar electric vehicles (EVs) to show how autonomous transactions between connected devices cut costs and add new revenue streams while still protecting the privacy of users.
GAIA-X project to develop open source blockchain for
Europe’s Gaia-X takes on Amazon and Microsoft clouds
HPE backs Gaia-X for the European cloud
As the lead for the €28m project, Bosch is providing an electric Jaguar powered by a full suite of specialized hardware enabling V2X communications and providing the foundation for automotive grade self-sovereign identity.
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Trusted identification of parties is a key challenge to tackle on the journey to unlock the full business potential of connected vehicles, particularly for Vehicle-to-Everything (V2X) communication. The digital mobility infrastructure built by moveID project partners uses the blockchain based SSIs as a vendor-neutral digital backbone for autonomous transactions between vehicles and connected infrastructure.
The live demo will allow finding, reserving, and using a parking lot and an EV charging point that are being offered in a peer-to-peer fashion, for example by companies allowing access to their parking lots. The open source decentralization tools enable full privacy as the vehicles use their own digital wallets to cover the parking and charging fees.
Datarella will provide its public MOBIX app as the joint user interface and ‘remote control’ for all moveID privacy-preserving functionality. It will leverage Fetch.ai’s AI agents to enable smart interoperability of all underlying technologies.
From Bosch, Denso show GAIA-X project with Tesla, Jaguar demo ….
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To illustrate this risk, the example of digital wallets can be enlightening. As their name suggests, digital wallets aim to perform the same function as their offline counterparts. They are meant to be used for storing and protecting credentials. Their function is therefore, on the one hand, to store the identifiers, to protect them against theft or prying eyes, and, on the other hand, to make them available thanks to a portable digital device, according to the needs of the holder of the this last. These wallets, which are appearing in the texts framing the implementation of digital identity, are supposed to promote the central role of their user within data transfer architectures. However, neither the documentation published by the European institutions nor the forthcoming regulations specify how the responsibilities of each actor (European Commission, member states, private actors providing the technology used, citizens) will be articulated. Without the necessary standards to regulate the provision of such digital services, users/citizens risk being left with few means of redress.
From Digital Identity Infrastructures: a Critical Approach of Self-Sovereign Identity | Digital Society.
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Bots are better and significantly faster than humans at cracking Captcha tests, according to a comprehensive new study that inspected the security system deployed in over 100 popular websites.
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In Britain, there is still no universally accepted way for users to prove their identity online. Whilst in the EU, the countdown to a true digital ID has already begun, with a universal Digital ID Wallet which operates across all member states expected to go live in 2024.
From A universal digital identity for the UK: Myth or soon-to-be reality?.
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Open Banking offers a potential solution in which ID verification process and KYC due diligence delivered by banks becomes truly portable and enables a step change in providers’ ability to offer genuinely frictionless onboarding.
Unfortunately, we’ve yet to see the delivery of ID verification services that unlock the potential of Open Banking.
From A universal digital identity for the UK: Myth or soon-to-be reality?.
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Navigating the Jagged Technological Frontier: Field Experimental Evidence of the Effects of AI on Knowledge Worker Productivity and Quality
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Consultants across the skills distribution benefited significantly from having AI augmentation, with those below the average performance threshold increasing by 43% and those above increasing by 17% compared to their own scores. For a task selected to be outside the frontier, however, consultants using AI were 19 percentage points less likely to produce correct solutions compared to those without AI.
As I pointed out before, ChatGPT is a bullshitter. If you are a good consultant and know what the answer to a client’s problem is, then it makes you more productive. But if you don’t know what the answer is, it will lead you down the garden path.
Australia moves a step closer to establishing an economy wide Digital ID system with the Minister for Finance Katy Gallagher announcing the release of proposed legislation this week. Once legislated, business will be able to rely on Digital ID in more scenarios, reducing the need to provide copies of sensitive documents. The roadmap includes four phases:-
Phase 1 will legislate for Digital ID, establish the rules, the regulator and protections and continue expanding use across government and also the accreditation of public and private providers.
Phase 2 is to allow state and territory Digital IDs to be used to access a Commonwealth services.
Phase 3 will be to allow myGovID to be used in the private sector; for example, myGovID could be used to open a new bank account with an Australian bank, or verify you when signing a telco contract or real estate lease.
Phase 4 will allow accredited private sector Digital IDs to verify you when accessing some government services.
As Michael Miebach, the Mastercard CEO, pointed out in the Harvard Business Review, ID verification can be used to increase privacy, not take it away. He illustrates the splint with the canonical example that if someone needed to confirm their age to buy alcohol, they wouldn’t need to share all the information on a typical driver’s license — name, age, address, photo. Using appropriate and well-designed digital identity infrastructure, confirmation would exist as a simple yes or no question — is this person older than 21 or not? And that’s the only information someone would need to share: not the data (a date of birth) but the relevant credential (IS-OVER-21).
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