Bo Harald

Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Message Posts: 443 Comments: 304

Bio Independent advisor and board professional

Blogs

Innovation in Financial Services

There should be no doubt

22 Jan 2024

Every organisation (enterprises, states, municipalities, 3rd sector) should asap deploy the now available simple EUDI-compatible applications for sending and receiving verified data (credentials) between each others, employees, citizens at large and many things. Why? Productivity leap (McKinsey: 3-6% GDPgrowth - EU commission slightly less), servi...

Innovation in Financial Services

Time for Micro-Credentials

03 Jan 2024

Citizens - at home and at work - will get accustomed to get all sorts of credentials to their identity wallets. One important life event for the citizen at home is the job application and at work the need to find skills to employ or deploy. The first step for education and qualification providers in all sectors is to deploy their own identity appl...

Artificial Intelligence and Financial Services

Credentials galore - the new megatrend

03 Jan 2024

2023 was the year when it was widely realised that e-identification - important as it is - is just one credential building the e-identity of citizens and organisations. With the already available EUDI-compliant general purpose and automatically interoperable wallet applications for all issuers, holders and service providers - we could start helpin...

Innovation in Financial Services

This mess must be cleared

29 Nov 2023

We are now moving fast to the Trust Infrastructure with EUDI-compliant general purpose automatically interoperable identitywallets for all parties - the data source, the data rights holder and for the service provider. This means that there will be the same interface for all. Obtaining and passing on verified credentials here can be likened to e-m...

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Bo is Commenting on

Opportunities and Responsibilities for the Finance Sector in the Trust Infrastructure

Chat GPT shortened: Governments and enterprises will adopt a global trust infrastructure, resulting in citizens and organizations receiving general-purpose identity wallets that can obtain, deliver, and pass on verified data for a wide range of life events based on MyData.org principles. The architecture is outlined in trustoverip.org, and the trust layer in the architecture makes wallets used for sending and receiving data interoperable by design. Banks have been interconnecting customers with trust services since ancient times, and the most used bank services are payments. E-banking has enabled new ways to interconnect customers since the 90s, including allowing customers to use their e-banking credentials to log in to non-bank services and strong identification of senders and receivers of e-invoices. The trust infrastructure will mean that many organizations and governments will issue general-purpose and interoperable-by-design fact wallets to obtain needed data under the control of data rights holders. Article 20 in GDPR makes it mandatory for enterprises to deliver personal data when asked for it, and mandatory e-orders, e-invoices, and e-receipts should be standardized and verified for all organizations with accounting obligations. A large number of data sets are needed in citizen’s life events in private and employee roles, and the demand for verified data will grow fast as citizens understand their legal right to their data. Banks should move to life event-based service design, provide customers with the wallets they need, locate data sources, and organize wallets for data importing to customers’ wallets. Banks should also locate other data service providers, enterprises, and public sector entities that need data from the bank.

08 Apr 2023 Reply Read article