Community
I am for my part delighted to see EU finally coming out with force with the prioritisation of organisation wallets. https://www.linkedin.com/posts/bo-harald-4768b51_omnisecure-europeanbusinesswallet-eubusinesswallet-activity-7291423903053209601-nXFt?utm_source=share&utm_medium=member_desktop
The very precondition to get cross-sector and panEU&beyond data to travel.. and the benefits of untold dimensions to unfold in practise. Having preached about this to enterprise organisations for many years I keep hearing: - of course our members hate bureaucracy and the ever rising regulation adding to the administrative burden and of course we understand that the public sector should and could save loads of money to lower the tax burden.. BUT our members: - we do not need so many sorts of credentials for our firm and staff that all-in-the-same-way would save much money - some has already been automated in their own way and updating systems can be had as a service (even if prices keep rising and we feel hijacked) - we have not lost much money in fraud and manual risk management seems to protect so far - our customers have not asked for it (when they ask it is btw too late) So societal leaps in productivity, security, service levels, interoperability, risk management, single market, privacy and ethical&efficient use of AI is not OUR responsibility. We will rather sit on the fence.. With this selfish attitude in the past very little would have done in for example standardisation and in the for me familiar financial sector's self-created rulebooks. Efforts producing like standardised containers, SWIFT for global payments, card schemes, GSM, equity trading etc bring rather small benefits to a single company of public sector organisation. But for e c o m o m y at large - and as platforms for economic growth in enterprises they have been enormous. The EU Trust Infrastructure with the standardised interfaces and general purpose tools - the wallets - will be even bigger. Time to wake up with joint intensive public-private r o l l o u t efforts. If you are not for it (loud and clear) - you are against it. Starting from public sectors units - being hellbent to save tax payers money and serve enterprises by lowering administrative burden and increasing use of real time verified data..
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Harish Maiya CEO at Orin
03 February
Hirander Misra Chairman and CEO at GMEX Group
Alex Kreger Founder & CEO at UXDA
Ritesh Jain Founder at Infynit / Former COO HSBC
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