The advantages of digital identity for our economy can be linked to ensuring security, boosting our relationship with consumers. At the heart of unleashing this potential is trust.
In a published blog post by the World Economic Forum, the author notes that without trust, every aspect of society from e-commerce, access to government services, travel, and financial security would take a considerable step backwards.
Despite the digital economy being worth an estimated $14.5 trillion in 2021, the price of financial crime is estimated to be $6 trillion, or 41% of the digital economy.
