With the paradigm shift in technology value, identity management is getting innovative daybyday. Factors such as real-time access, need for best practices, security, data integrity and protection, advent of newer technology and so on are accentuating the need for robust and seamless identity management system across industries. The key use-cases or industries of identity include: Travel, banking, financial transactions, land transactions, employee verification, welfare scheme disbursements, insurance claims, corporate deals and agreement between individuals.
In India, the traditional or paper-based method continues to take the leap in identity verification. The biggest risk of paper-based verification is identity/data theft in addition to the fact that it is not environment-friendly. There are multiple identity verification technologies available like Iris, biometric, phone-based, voice recognition, facial recognition, OTP based using phone etc. With these technologies combined with stringent GDPR regulations for privacy protection, the world needs to move to paperless verification.
This story is from the April 2020 edition of PCQuest.
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This story is from the April 2020 edition of PCQuest.
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