3 minutes reading time
boon or bane? I guess it depends on 'problem'
There is a lot of confusion about digital ID. It is remarkable thoth, which aims to reduce human identity to a few digits. It is fast. It saves time. There is a trade-off - information.
The information or data : can be simple broken down to following components
It sounds simple enough : but also provides almost real-time control over ‘money’ and hence ‘choices of both - A and B.
Trust : between A and B : ensures it. Ledger and its enforcement : police stuff etx.
The solution looks ideal : if the govt of the world and the arts/crafts genius which runs it : use it with ‘trust’.
Trust : the govt to own the ‘ledger’ and enforce it - using law.
The constraints of population : and their enablement to use a new money/medium : is always a challenge.
More so when considering ‘scale’ of undeveloped world.
The reasons are historical. Since ‘economic equality’ was part of their past : no slavery and chaos of division..broad pattern
There is a solution. I did lay out all the key principles and entities in this bleh blah.
The problem : seems simple : but the solution : is convoluted.
Think on it : i know the ‘solution’ : it is always in ‘constraints’.
Source: https://codeparity.substack.com/p/digital-id-limits-and-privacy