The Alliance welcomes Mastercard to accelerate the adoption of digital identity solutions
Mastercard will join the ID2020 Alliance, a multi-stakeholder partnership dedicated to providing access to a viable form of legal identity.
According to a statement, the recent implementation of global social distancing increased people’s digital dependency. For instance, users are signing up for a range of digital services like social media, entertainment streaming, telemedicine, and remote learning. That’s why the role that identity plays an important role in enabling trust.
Besides, the fact of holding a viable and trusted digital identity will allow everyone to connect and discover more possibilities of the digital world.
We’ve reported that blockchain-based digital identity revenue will reach $1 billion by 2024. This is up from an expected $100 million by the end of this year.