Digital ID & Digital ID Wallets - Modern day Imperatives for Enabling TRUST |

Digital Transformations are revolutionizing relationships between “Government, Citizens & Businesses”. Immutable “identity and trust” is key for success of these transformations. Globally, Governments and Businesses are progressively adopting Digital Identity and Digital ID Wallets to ensure secure, efficient, and trusted service delivery to their stakeholders, by minimizing (if not eradicating) transaction level frauds (ID, Identity, contract/documents, transaction/audit data related frauds).
Key motivators to enabling TRUST in digital economies are:
Governments:
• Building TRUST ensures socio-economic goals are reached.
• Sustaining TRUST ensures growth and development.
• Achieving TRUST superior to other’s, puts the nation on the Growth forefront.
Businesses:
• Building TRUST creates new wealth
• Sustaining TRUST creates recurring wealth
• Achieving TRUST superior to your competition achieves market dominance
Citizens:
• Enables Service anytime, anywhere
• Assures “Convenience, Confidence, Control & Compliance”
• Empowers contribution in Nation’s Digital Initiatives
eID (foundational ID), issued by the governments, is the basic source of TRUST for ID & Identity verification before onboarding stakeholders into digital world. Mobile technology is revolutionising the way Digital ID and Digital ID Wallets are implemented ensuring the ease of use, coupled with Privacy Assurance throughout the stakeholder’s lifecycle, assuring ‘legally valid trust chain’, leading to TRUSTED Digital Economies.
Digital ID & Digital ID Wallets are fast becoming modern day’s imperatives in enabling TRUST in digital economies.
About NCoE -
The National Centre of Excellence for Cyber Security Technology and Entrepreneurship (N CoE) is joint initiative conceptualized by the Ministry of Electronics and IT (MeitY) and the Data Security Council of India (DSCI) aimed at catalyzing and accelerating cybersecurity technology development and entrepreneurship in India.
Website - www.n-coe.in/
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