Data, oil, pipes

I was amazed to hear at Vendorcom that 30% of population’s income doesn’t get reconciled at HMRC and DWP for reasons such as they only handle RTI from BACS and lots of people use faster payments.

Now I understand! Having recently had occasion to send money to HMRC, I was very surprised to receive a threatening letter from them a month or so later. I can’t remember exactly what it said, but it was something along the lines of “we’ve giving up on chasing Google and Richard Branson, so if you don’t send us tenner the boys are coming round to sort you out”. Shocked, I logged on to my HMRC business account to see that it said that a) I owed them the tenner and b) I’d sent them a tenner that was sitting there “unallocated”. I phoned up and the nice woman up North somewhere said that she would “allocate” the tenner to the money I owed them and it was all good. Afterwards, I did wonder why they thought I’d sent them a tenner (ie, was it for no reason, as they seem to have assumed, or was it in payment for the tenner I owed them).

Will you let a stranger look deep into your bank account?

xxx

People may baulk at sharing access to personal data yet millions are happily using online banking and enjoying the functionality of their bank’s online app. Millions more are content to share all kinds of personal data with Google and Facebook, which already offers debit card-linked payments in the UK via its Messenger app.

From Will you let a stranger look deep into your bank account?

xxx

Cranking it up

Felix Martin, writing in the Daily Telegraph (5th December 2017) says that “We will end by thanking the monetary cranks for inducing some policy sanity – and making our national financial systems fit for purpose once again”, meaning (if I understand him correctly) that while bitcoin may not in the long run prove to be a viable alternative to the existing fiat currency infrastructure, it will stimulate the development of things that are and thus make money more suited to the new economy.

POST Post-modern identity cards

xxx

Why Hong Kong has Mao to thank for ID cards

From Design of new Hong Kong smart identity card revealed | South China Morning Post

Well, we can’t testify to any input from Mao, but we certainly can testify to the great job that Consult Hyperion did helping to design this, the world’s first modern (ie, smart) national identity card, all those years ago!

Which set me thinking. Half a century ago, the media theorist Marshall McLuhan who predicted that seismic social shift that the coming online environment would cause in human relationships said of it that “In the new electric world, where everybody is involved with everybody, where everybody is involved in complex processes, the old identity cards, the old means of finding out who am I, will not work”.

 

Indeed.

So what will work?

McLuhan had this notion of identity as smeared across entities, depending on the relationships and interactions between identities (what Ian Grigg calls “edge” identity). IN t

So what will work? I (and others) have long argued that shifting to an infrastructure where transactions are between virtual identities and enabled by credentials is the way forward.

In Phil Windley’s “Self-sovereign Identity and the legitimacy of Permissions Ledgers” he says, if I interpret him correctly, that a claim is the process of providing a credential and authenticating its use in order to obtain authorisation. That seems like a reasonable working definition, so let’s move forward with that. What McLuhan 

Who might launch the world’s first post-modern (ie, digital) national identity card in the future? To answer this, we first have to think what the defining characteristics of a post-modern national identity might be. Now, as I am sure that you all know, the essence of post-modernism is relativism, so this is that natural place to begin: with symmetry. In a post-modern identity scheme, no identity is privileged. All identities can be validated by all other identities: the identity card of the policeman and the identity card of the citizen are the same and each is capable of checking the credentials of the other in order to ensure that the holder is authorised to perform whatever action they are attempting. So when the policeman says to the citizen “papers please!”, the citizen’s identity card can check that the policeman’s card is valid and that they are entitled to ask for the identification.

UK banks prepare to share customer data in radical shake-up

xxx

But there is a risk for banks that customers move away from their own apps or online services, weakening their relationship and thwarting their ability to cross-sell. It could leave banks as the plumbing behind the scenes, used to facilitate the movement of money.

From UK banks prepare to share customer data in radical shake-up

xxx

POST 2FA SMS

Thanks to Richard van Arnholt for pointing out to me that

NIST now states that if authentication is used via sms (out-of-band), ‘the verifier SHALL verify that the pre-registered telephone number being used is associated with a specific physical device. […] Verifiers SHOULD consider risk indicators such as device swap, SIM change, number porting, or other abnormal behavior before using the PSTN to deliver an out-of-band authentication secret.’

xxx

Create your own website, free on WordPress.com.Create your own website.
Start free