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Every organisation (enterprises, states, municipalities, 3rd sector) should asap deploy the now available simple EUDI-compatible applications for sending and receiving verified data (credentials) between each others, employees, citizens at large and many things.
Why? Productivity leap (McKinsey: 3-6% GDPgrowth - EU commission slightly less), service leap (do not serve customers - serve their life events), risk management leap, privacy leap, single market leap, ethical AI leap - to mention a few.
How? The states must see to it - as enterprises cannot get this done on their own. This means that the public sector must start promising now and sending asap all sorts of credientials for their own part - and thus open the eyes in homes and businesses. Demand does not create supply - it is the other way around. Banks should - as traditional identification credential providers see the good for society at large. Make the choice to be at the table - not on the menu.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Katherine Chan CEO at Juice
21 February
Anoop Melethil Head of Marketing at Maveric Systems
20 February
Ivan Aleksandrov CSO | Core banking, BaaS, Fintech Advisory at Advapay
18 February
Scott Dawson CEO at DECTA
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