Step 8. Digital ID.

Along with the new monetary system developing through the Central Banks, there arises a great need for personal digital identification.

One in seven people globally lack means to prove their identity. This hinders them from social services, rights as citizens and voters and participation in the modern economy.

Every day, we rely on a variety of forms of identification to go about our lives: our driver`s license, passport, work badge and building access cards, debit and credit cards, transit passes, and more.

Technology is developing at a blinding pace and many transactions that require identification are today being conducted digitally. From e-passports to digital wallets, online banking to social media accounts, these new forms of digital ID allow people to travel, conduct business, access financial and health records, stay connected and so much more.

While the move to digital ID has had many positive effects, it has been accompanied by many challenges and setbacks, including large-scale data breaches affecting millions of people. Most of the current tools are archaic, insecure, lack appropriate privacy protections and commoditize people`s data.

But that is now changing as an Alliance of groups called, ID 2020 leads the way.

In January 2019, the Alliance group launched the ID 2020 Certification Mark at the World economic Forum in Davos, Switzerland.

The Alliance`s describes themselves as - `.....businesses, nonprofits, governments and individuals....working in collaboration to ensure that the future of digital identity is, indeed, good ID.`

The certification identity mark, ID 2020, has been launched.