Absa recommends blockchain-based digital ID system

[Bradley Prior]

Absa recommends blockchain-based digital ID system

Absa says adopting a digital ID based on blockchain technology can help clamp down on the abuse of personal data, curb identity theft, and enable easier access to financial services.

 

[Foxhound5366]

This really is inevitable. Carrying around ID cards and traffic licence cards etc is a joke. Bring on our digital future

 

[Fulcrum29]

They are proposing to adopting or copying something like Civic?

 

[system32]

My green ID book still works a charm

 

[grok]

I can just image a world where old technologically constrained gogo in rural KZN forgets her irretrievable blockchain password, effectively making her persona non grata at the local home affairs, or maybe next time when they say the system is down you really are up the creek without a green paddle..

 

[Moto Guzzi]

So your power off(Long enough as well), you a digital zombie without cash-?

 

[Pegging]

I can just image a world where old technologically constrained gogo in rural KZN forgets her irretrievable blockchain password, effectively making her persona non grata at the local home affairs, or maybe next time when they say the system is down you really are up the creek without a green paddle..

Imagine reading the article…

 

[Thor]

Identity.com

 

[gotaway]

Identity.com

They are proposing to adopting or copying something like Civic?

This: https://sovrin.org

 

[IndigoIdentity]

Ah Absa trying to stay relevant again.

What I don't really understand, these days it seems "mobile" is associated with "secure" and punted in the same way.

Take FNB for instance, constant nagging regarding moving to the mobile app, it's so much more secure that you can get held up at gunpoint to basically empty your bank account from anywhere, any time?

Hoardes of malware and vulnerabilities exist in your mobile ecosystem? No worries, try out the perfectly secure mobile application today, how wonderfully convenient it is.

 

[Oboe]

Aaah,its time to be chipped!

 

[JustSomeGuy21]

This really is inevitable. Carrying around ID cards and traffic licence cards etc is a joke. Bring on our digital future

its all fun and games until your battery dies haha