Proof： Digital ID is the Objective, to Implement a Social Credit System
Episode Stats
Words per Minute
159.81802
Summary
A federated digital ID ecosystem developed in collaboration with Canada s best and brightest talent from our banks, telecommunication companies, law enforcement, and government, it would have the power and security to store every Canadian s electronic identity and attributes. It would unlock countless opportunities for Canadians to verify who they are safely, quickly, and securely, while only revealing the information necessary for each transaction.
Transcript
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Canada is on the cusp of a revolutionary innovation that will transform the way Canadians authenticate themselves online and protect their identity.
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All of us are living in a digital world, but we're tethered to an analog model of how we identify ourselves,
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memorizing countless online passwords, carrying government-issued licenses, plastic cards, and more.
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Digital ID is a way for Canadians to identify themselves to government, businesses, and each other electronically,
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with ease and rock-solid security, without the need to present physical documents.
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A federated digital ID ecosystem developed in collaboration with Canada's best and brightest talent
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from our banks, telecommunication companies, law enforcement, and government.
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It would have the power and security to store every Canadian's electronic identity and attributes,
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and it would unlock countless opportunities for Canadians to verify who they are safely, quickly, and securely,
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while only revealing the information necessary for each transaction.
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A fast, easy, and secure way to bank, sign up for government services, renew driver's licenses or health cards, shop, travel, and more.
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Canada's banks are perfectly situated to help lead the creation of a federated digital ID system
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The World Economic Forum agrees that banks and financial institutions should lead the path forward for digital ID.
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They have advanced cybersecurity and privacy technology.
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And they have the infrastructure to operate provincially and nationally.
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Banks are also at the forefront of working with fintech startups
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who are bringing revolutionary mobile and online products and services to Canadians.
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Digital ID can help consumers navigate between these apps and programs with trust and confidence,
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A federated digital ID approach can also significantly reduce fraud,
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save taxpayer money, improve regulatory compliance,
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and make it easier to do business as an owner and as a consumer.
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In fact, the Canadian Bankers Association just launched a white paper
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with our recommendations on how to move forward with a federated digital ID framework.