cageymaru
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- Joined
- Apr 10, 2003
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Mastercard and Microsoft have joined forces to promote the concept of a global digital identity. This global digital identity would track you, your purchases and travel around the world as it would effectively replace other forms of ID. Mastercard makes the case that it is a hardship for people to remember all the passwords, and forms of ID that are needed for everyday life. Then there is the problem of citizens managing their own data. Some classes of citizens such as refugees, women, and children aren't officially recognized in some countries. A universal global digital identity would allow the government to track their movements more easily so that the proper aid can be dispensed to them.
All of your purchases would be permanently tied to your global digital identity. This new universally-recognized digital identity could unlock new and enhanced user experiences such as faster loans, more relevant and personalized shopping experiences, streamlined government interactions such as filing taxes, applying for passports, etc, and easier ways to access social media and digital media. Also only having one global identity would make fraud prevention easier.
"Today's digital identity landscape is patchy, inconsistent and what works in one country often won't work in another. We have an opportunity to establish a system that puts people first, giving them control of their identity data and where it is used," says Ajay Bhalla, president, cyber and intelligence solutions, Mastercard. "Working with Microsoft brings us one step closer to making a globally interoperable digital identity service a reality, and we look forward to sharing more very soon." "Digital identity is a cornerstone of how people live, work and play every day," said Joy Chik, corporate vice president, Identity, Microsoft. "We believe people should be in control of their digital identity and data, and we're thrilled to first work with Mastercard to bring new decentralized identity innovations to life."
All of your purchases would be permanently tied to your global digital identity. This new universally-recognized digital identity could unlock new and enhanced user experiences such as faster loans, more relevant and personalized shopping experiences, streamlined government interactions such as filing taxes, applying for passports, etc, and easier ways to access social media and digital media. Also only having one global identity would make fraud prevention easier.
"Today's digital identity landscape is patchy, inconsistent and what works in one country often won't work in another. We have an opportunity to establish a system that puts people first, giving them control of their identity data and where it is used," says Ajay Bhalla, president, cyber and intelligence solutions, Mastercard. "Working with Microsoft brings us one step closer to making a globally interoperable digital identity service a reality, and we look forward to sharing more very soon." "Digital identity is a cornerstone of how people live, work and play every day," said Joy Chik, corporate vice president, Identity, Microsoft. "We believe people should be in control of their digital identity and data, and we're thrilled to first work with Mastercard to bring new decentralized identity innovations to life."