The Digital Identity Blog

Money 20/20 Europe was a wonderful experience with an impressive lineup of keynote speakers, sponsored talks, events, and a great conference floor layout. Attendees represented leading fintech companies, with many delivering outstanding presentations that unveiled fresh perspectives and highlighted emerging trends in fraud prevention, back and front office efficiencies, and much more. Their knowledge and insights helped us solidify our market stance and differentiation in this ever-evolving fintech landscape. 

Digital identity is becoming increasingly important in today's world, especially in the Supply Chain Industry. With the rise of blockchain and decentralized technologies, it is now possible to create secure, verifiable digital identities that can be used to track and verify the movement of goods through the supply chain.

Last month, Verif-y participated in Identity Week, a global conference and exhibition encompassing all things identity. It is an event that brings together the brightest minds in the identity sector. The conference promotes innovation and the most current and effective identity solution methods. 

One of the most notable inclusions of the new concept of the metaverse was made when Mark Zuckerberg announced their plans to rebrand Facebook to Meta. On their website, they called metaverse the “next evolution of social connection”. But many are still not fully aware of what the metaverse is, including its potential, its limitations, and its impact on their lives in the future.

In this article, we will take an in-depth view into the significance of our digital identities and why it is vital to keep them secure. The last eighteen months have highlighted how the worlds of business and government are dependent on valid digital identity solutions. This is apparent in such areas as eCommerce, banking, government, healthcare, and media. However, there are many more areas and applications that require a trusted solution, some of which we will review below. This new necessity and awareness to the dependency businesses and governments have on the individual’s validated digital information creates compliance and data security issues that are far beyond the ability of most business to handle effectively.