Vulos Documentation
  • INTRODUCTION
    • 🌍 Executive Summary
  • MARKET OUTLOOK
    • πŸ“Š Decentralized Finance Market Outlook
    • πŸ‘€ Digital Identity Market Outlook
      • πŸ“ˆ Digital Identity Market Size, Trends, Challenges and Drivers
      • πŸ«‚ Worldwide Initiatives of Digital ID
      • πŸ§‘β€πŸ”¬ Research Facts
  • πŸ“ Digital Signature Market Outlook
    • E-signing Market Size, Trends, Drivers, and Challenges
    • Who uses e-signing services and their current needs
    • Major Market Players
  • MARKET PROBLEMS
    • πŸ” e-Signature Problems
    • πŸ—£οΈ Digital Identity Problems
  • VULOS SOLUTIONS
    • πŸ’‘ Project Background
    • ✏️ Vision and Mission
  • VULOS SERVICES
    • πŸ› οΈ Vulos Services
  • VULOS USE CASES
    • πŸ“ Individual Use Cases
    • πŸ“ Business Use Cases
    • πŸ“ Government Use Cases
    • πŸ“ GameFi Use Cases
    • πŸ“ Soulbound NFT Use Cases
  • VULOS ARCHITECTURE
    • πŸ›οΈ Vulos Architecture
  • Vulos Tokenomics
    • πŸͺ™ Vulos Token
  • Untitled
    • πŸ“œ Legal Disclaimer
    • ☎️ Contact
  • Untitled
  • ☎️ Contact
  • πŸ“œ Legal Disclaimer
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  1. MARKET OUTLOOK
  2. πŸ‘€ Digital Identity Market Outlook

πŸ«‚ Worldwide Initiatives of Digital ID

PreviousπŸ“ˆ Digital Identity Market Size, Trends, Challenges and DriversNextπŸ§‘β€πŸ”¬ Research Facts

Last updated 2 years ago

A number of companies and governments are making headway in this field:

  • China Mobile has entered the digital ID market by presenting that is used by over 62 million users. Over 450 million daily transactions are executed on the platform offering a range of authentication capabilities across different commercial applications.

  • In India, the has now been linked to around 558 million bank accounts. The platform was launched in 2009, and since then over 1.18 billion biometric accounts have been created.

  • Biometric technology is also popular in Pakistan. The popular platform works with banks, mobile operators, and others. The biometric data kept in their databases helped in managing the payments of flood relief to .

  • In Estonia, the service manages the public and private interactions of 98% of the population. This encapsulates everything from eVoting, traveling within the EU, health insurance, e-prescriptions, public transport, voting, proof of ID, and taxes. In all, there are over 700 applications on the platform.

are initialized across Europe, including the Single Digital Identity. Countries like Canada, Austria and Spain are also heading in this direction. They highlight the role that telecom operators can play, something which is important for widespread acceptance. For financial institutions, identification and verification have always been crucial elements for financial services.

What is really important, when interacting online, is the validation that others do (identity providers or validators) of the attributes that we share to prove our identity. The level of given assurance to interacting parties, whether they are individuals, businesses, or governmental institutions, becomes more intense, a higher degree of veracity is required. This happens because confidence is crucial in trade relations. This is the reason why identity providers with a high level of assurance, like public authorities or financial institutions, will be the leaders of the future ID markets

a mobile authentication system
government’s digital ID platform, Aadhaar
NADRA
2.4 million families
Digital ID
Other initiatives
Banks alone are now spending over $1 billion a year on different ID management solutions.