Mastercard joins blockchain digital identity alliance ID2020 – Ledger Insights

Yesterday, the payments firm Mastercard announced it is joining the ID2020 Alliance to explore digital identity solutions. 

The ID2020 Alliance was founded by Accenture, Microsoft, Gavi, Rockefeller Foundation and IDEO. Partners include NGOs, private companies and UN agencies. 

ongoing pandemic has led to the emergence of digital-only solutions
that require users to prove who they are. Digital identity could play
a significant role in facilitating access to a range of digital

must work together to establish consistency and common standards
across the globe that can make this a reality, addressing real
challenges faced by people every day and sparking continued
innovation,” said Ajay Bhalla, president, Cyber & Intelligence,

year, Mastercard said it was exploring
decentralized digital identity
verifying financial transactions, government interactions, and online
services. It is a well-established fact that digital identity could
enable banking and other services for people with no physical papers
or credit history. 

World Bank estimates over
a billion people
any form of legally recognized identification. This hinders their
access to vital services, including healthcare, social protection,
education and finance. 

Several solutions are being developed globally, but ID2020 believes collaboration and global partnerships are key to digital identity adoption. 

“Digital identity can be a powerful force multiplier to enhance social and economic opportunities for all people,” said Dakota Gruener, Executive Director of ID2020. “But to fully realize that potential, governments, technology companies, financial institutions and civil society must collaborate. We are delighted to welcome Mastercard to the ID2020 Alliance and applaud their commitment to privacy-protecting, user-centric digital identity.”

Gruener recently penned a Harvard whitepaper about COVID-19 immunity certificates for the Edmond J. Safra Center for Ethics.

ID2020 Alliance enables partners to pool in funds and other resources
to develop digital identity projects. 

Alliance has already launched pilots and
recently worked with the Government
of Bangladesh
launch a digital identity program for vaccination in the country. 

myriad applications, and Mastercard previously joined the Trust
over IP
Foundation. Other members of the consortium include Accenture,
Evernym, IBM, DIDx, and R3.

is the company that initiated the Sovrin
the public self-sovereign identity network. South
three separate decentralized identity projects. 

month, Microsoft, Evernym, ID2020 and many others formed the COVID
Credentials Initiative
to use digital identity for keeping OVID-19 spread in check.