Aotearoa NZ Digital Identity Ecosystem Consortium
The Christchurch Call made it clear that New Zealand is prepared to lead rather than follow with respect to tackling issues of identity and data sovereignty.
Consumer Data Right (CDR) enabled Identity portability is the missing link to the successful implementation of fairer open banking and utility marketplaces producing much better value and outcomes for our communities and citizens.
A digital identity consortium (such as Trust Alliance NZ) holds value for the entire economy by building a strategic alliance to boost the network effect of synchronized and interoperable data, while adhering to data privacy laws.
The Digital Identity Trust Framework Act will safeguard the taonga of personal data ecosystem for all NZers.
The consortium will provide governance and experimentation oversight for problem-solving digital infrastructure to ensure interoperability such as DID-matched and resolved verifiable credentials.
- High-value use cases drive adoption of identification and digital representation ecosystem: MoH - Health Passport enabling the World’s Smartest Border, MBIE - Talent Marketplace can support workforce redeployment, talent-matching, contracting, reduced friction and the future of work. Worksafe - Health and Safety compliance. Expand access to include company and trust entities via individual IDs
Why the contribution is important
Self-sovereign identity and consumer data rights avoids the pitfall of “customer ownership”. In the decentralized world the consumer is sovereign, and no single entity has the right to commercialise their data without the explicit consent from the holder.
A Consortium-governed digital identity infrastructure supports industry collaboration around systemic problems and pain points as described above. A single source of truth drives efficiency, reduces waste and enhances productivity.
Industry resilience is enhanced via returning value to operators and producers – the true value creators rather than offshore technology platforms.
Our relationships online should reflect how we build relationships in the real world — on a foundation of trust. Creating trusted connections between citizens / customers and businesses / government is paramount to market adoption, and ironically it is “trustless” technologies for proving and distributing claims that empowers all to earn and freely attribute trust in a decentralised manner.
The business case for digital identity needs to start with the citizen and the problem that we are trying to solve, not with the identity service itself.
McKinsey identi!ed from seven focus countries, extending full digital ID coverage could unlock economic value equivalent to 3 to 13 percent of GDP in 2030, with just over half of the potential economic value potentially accruing to individuals.
Therefore the 2030 opportunity for New Zealand GDP contribution: NZD$15 Billion of economic value creation.
Calculation: 2019 NZ GDP USD205 Billion / NZD320 Billion @ 5% h"ps://medium.com/positive-returns/new-insight-good-digital-identi!cation-as-a-key-to-inclusive growth-33c64de32004
‘The largest contributors to economic value for individuals are access to financial services and employment. Digital IDs, for example, enable access to less costly digital bank accounts and to talent-matching and contracting platforms. The largest sources of value for business and government institutions are time and cost savings, reduced fraud, increased sales of goods and services, improved labor productivity and higher tax revenue.’ - CIO Journal, WSJ
- Open collaborative systems driven economy
- Individuals own data and control their own data and digital self
- Freedom to choose to share and revoke personal data access to service providers including government
by andyhiggs on October 24, 2021 at 12:17PM