Starting with digital ID for governments, it could also accelerator the online on boarding and KYC process of clients.
The heads of EU member state meet in Talilnn, Estonia, to discuss digital issues. The European Union’s member states signed a sweeping declaration today designed to transform the way governments across the continent deliver services by embracing e-government initiatives. Chief among these plans is an agreement to move forward with development of a digital identification system that can be used by residents to access a wide range of new online public and private services. The agreement calls on the EU to create a framework for ensuring the implementation of electronic IDs, while also ensuring protection of privacy and security of the data.