CORPORATE DIGITAL IDENTITY: NO SILVER BULLET, BUT A SILVER LINING

A paper from the Basel Institute on Governance on 16 June says that corporate digital identity (ID) has the potential to dramatically simplify the identification and verification of companies and to reduce the risks and costs of doing business. It also says that, provided there is political will, technological innovation and policy can help in several areas to facilitate corporate digital ID and thus enhance overall efficiency, market integrity, financial stability and inclusion.  Legal Entity Identifier (LEI), decentralised identifiers (DID) and reforms built on public individual digital ID systems show particular promise, particularly for SME, thereby supporting broader sustainable development, employment and innovation.  The paper examines these innovations in corporate digital ID and explore pathways for the future.

https://www.bis.org/publ/bppdf/bispap126.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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