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Enterprise Security Magazine | Friday, February 25, 2022
“Technological breakthroughs such as blockchain, AI, and biometric systems have produced unique and complex digital ID global solutions.”
Fremont, CA: A revolution in the way people interact with government institutions and even commercial groups is underway. As a result, digital identification is becoming more vital than ever. According to Frost & Sullivan's recent report, technological breakthroughs such as blockchain, AI, and biometric systems have produced unique and complex digital ID global solutions. Areas that benefit greatly include e-banking, e-government, digital transactions, mobile transactions, behavioral biometrics, and airport security.
Let's delve deeper to see which advancements are taking center stage in the coming years.
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1. Accelerated Digital Transformation
eKYC and enrolling technologies are essential enablers of the digital experience in the public sector. Combining the increasing deployment of eSIM and 5G, the technologies are reshaping the operational environment and opening up a slew of new opportunities for telecom operators.
As a result, the development of eSIM-capable devices allows consumers to connect instantly, anytime, and anywhere. This has led to a rise in the adoption of eSIM in the cellular IoT area. Other IoT use cases, like smart cities, benefit from eSIM technologies. Commercial drones, for example, are gaining traction, with new use cases that are now in the experimental stage becoming mainstream. As the technology matures, there will likely be an increase in drone-led applications across a wide range of sectors in 2022, including delivery, energy business, inspection, emergency services, and agriculture.
2. Increased Adoption of Identity Wallets
Identity theft and financial fraud have skyrocketed in recent years, with fraudsters preying on vulnerable people to gain access to their personal information and valuables during the pandemic. Fortunately, technologies like digital identity wallets exist today, giving citizens more peace of mind about their data and making it easier to access public services. These enable reliable yet convenient and scalable verifying and sharing of identification data between transaction partners. Such capabilities give citizens more control over their data while also allowing service providers to create new business models that share identifying data. In the coming years, rapid investment in identity wallets is projected to improve the operations of governments and citizens worldwide.
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