Action4Canada - February 23, 2022


Proof： Digital ID is the Objective, to Implement a Social Credit System


Episode Stats

Length

2 minutes

Words per Minute

159.81802

Word Count

363

Sentence Count

25


Summary


Transcript

00:00:00.000 Canada is on the cusp of a revolutionary innovation that will transform the way Canadians authenticate themselves online and protect their identity.
00:00:08.380 Digital ID.
00:00:09.740 All of us are living in a digital world, but we're tethered to an analog model of how we identify ourselves,
00:00:15.220 memorizing countless online passwords, carrying government-issued licenses, plastic cards, and more.
00:00:20.960 Digital ID is a way for Canadians to identify themselves to government, businesses, and each other electronically,
00:00:26.400 with ease and rock-solid security, without the need to present physical documents.
00:00:31.920 One interconnected network.
00:00:33.900 A federated digital ID ecosystem developed in collaboration with Canada's best and brightest talent
00:00:39.040 from our banks, telecommunication companies, law enforcement, and government.
00:00:44.480 It would have the power and security to store every Canadian's electronic identity and attributes,
00:00:49.420 and it would unlock countless opportunities for Canadians to verify who they are safely, quickly, and securely,
00:00:56.400 while only revealing the information necessary for each transaction.
00:01:00.860 A fast, easy, and secure way to bank, sign up for government services, renew driver's licenses or health cards, shop, travel, and more.
00:01:10.240 Canada's banks are perfectly situated to help lead the creation of a federated digital ID system
00:01:15.200 between government and the private sector.
00:01:17.540 The World Economic Forum agrees that banks and financial institutions should lead the path forward for digital ID.
00:01:23.620 Banks are highly regulated and trusted.
00:01:26.780 They have advanced cybersecurity and privacy technology.
00:01:29.760 And they have the infrastructure to operate provincially and nationally.
00:01:34.000 Banks are also at the forefront of working with fintech startups
00:01:36.700 who are bringing revolutionary mobile and online products and services to Canadians.
00:01:41.960 Digital ID can help consumers navigate between these apps and programs with trust and confidence,
00:01:47.620 knowing their ID is protected at all times.
00:01:49.900 A federated digital ID approach can also significantly reduce fraud,
00:01:54.560 save taxpayer money, improve regulatory compliance,
00:01:57.640 and make it easier to do business as an owner and as a consumer.
00:02:02.020 In fact, the Canadian Bankers Association just launched a white paper
00:02:05.240 with our recommendations on how to move forward with a federated digital ID framework.
00:02:10.200 I encourage you to read it to learn more.
00:02:12.080 Thank you.
00:02:12.220 Thank you.
00:02:12.280 Thank you.
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00:02:14.220 Thank you.
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00:02:15.280 Thank you.