Canadas digital ID system to use biometrics and blockchain

Thursday 17 January 2019 11:52 CET | News

CBA has announced the country’s plans to develop a digital ID system that could use blockchain, biometrics, and document review over a live video connection.

The Canadian Bankers Association (CBA) said that the need for digital identification will grow, and Ottawa, for instance, is already exploring the possibilities of open banking. CBA recognises that the payments system is modernised, and blockchain and artificial intelligence move into new frontiers.

As such, moving away from a paper-based, face to face process towards a modern identification system is needed to ‘unlock the full potential’ of the digital revolution that is underway. What CBA has in mind is a ‘federated’ model of digital identification that would aim to create linkages between federal and provincial systems, as they hold information including social insurance and drivers’ licences.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Canada, digital ID, biometrics, blockchain, Open Banking, AI, insurances, federal system, CBA
Countries: World

Industry Events