bima blockchain breakfast briefing | suzy thomas presentation | gbg plc
TRANSCRIPT
3Electronic ID
We are here
Introduction to GBG5 steps of identity
1Reputation
2Paper ID
4Interoperability
5Attributes
Easily and quicklyverify ID
electronically
Verify once, usemany times
Anonymous, secure transacting
Behaviour, familyand social status
Documentary evidence
How do we make that leap from step 3 to 4?
3Electronic ID
We are here
4Interoperability
We need to get to here
• Block chain – secure & decentralised• Mobile optimised• Biometrics – replace password
Identity on the blockchain
Consumer in the driving seat
Person• Name• Address• Telephone number• DOB
Documents• Passport• National ID card• Drivers licence
Regulatory Checks• CRB• Sanctions• Credit check
One off verified customer
Re-usable verified customer
CitizenPass Identity PlatformPrivate data
kept on device
- Each field is hashed- Then digitally signed while on device- Result sent to CitizenPass Service
Note: Data is never ex-
changed in clear text
Split private-key used to write hashed record to the blockchain
blockchain
MerchantBankGovernment
Re-AuthenticationLogin
Payment verification
Benefits
Less Fraud• Banish the password - A third of fraud occurs from account takeover so
instead of a password we will use a verified identity, plus mobile encryption, plus biometrics plus blockchain
• Re-use of the verified identity - Use to re-authenticate more than before
+
Customer Experience• Optimised for mobile - Reduce on-boarding time, specifically on mobile• Interoperability - Take verified data to new services
+
Government Services
1 Account set up- Personal Details- Username- Password
2
3
4
Security
Identity Verification
Security QuestionsINCREASED SECURITY
Summary
We’re a long way off a trusted, frictionless world. However, it wasn’t so long ago when we were sending our passport in the post, so there
is hope…
…and blockchain could be a key enabler of this change
Thank youSuzy ThomasCitizenSafe Head Customer [email protected]
Summary