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Public sector credentials to all wallets - to cross the death walley

Picture included in my Linkedin post (used to manage them here in the past)

https://www.linkedin.com/posts/bo-harald-4768b51_dangerous-death-walley-one-might-of-course-activity-7192066826363625473-MfwU?utm_source=share&utm_medium=member_desktop

 

Dangerous death walley...
One might of course ask why the private sector is not yet crying out for all sorts of verified data to general purpose alway interoperable wallets. Especially as most of the McKinsey estimated 3-6% GDP growth comes from better productivity and so much lower risks in enterprises.
It needs time - and sometimes regulationsceptisism is natural. But not now..

As a market guy I am usually against spending tax payers money on something that enterprises can deliver. But by now it should be evident to everyone that 1. only a public-private deep co-operation (like Findynet, IDUnion etc) can deliver the data highway (connecting the defect EUDI-compliant wallets on offer), that 2. some public funding is needed for the highway - it is an infrastructure, that 3. it is not enough for EU and MSs to throw money at it - they must above all start sending the hundreds of credentials they are sitting on to citizens and especially SMEs, that 4. wallets/agents in the public sector should also be used for importing credentials.. ALL VCs from ALL to ALL always in the SAME way - WITHOUT need for technical integrations and contracts between the parties. Heaven for the Single Market.

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Bo Harald

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

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This post is from a series of posts in the group:

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.


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