Creating a Digital Identity: Addressing Other Barriers to Financial Inclusion
summary
Report cites 1.4 billion unbanked and argues identity plus infrastructure are the real bottlenecks; biometric foundational ID and a policy that ties national ID required for every SIM in Nigeria drive uptake. Private stacks use blockchain and verifiable credentials (Stellar anchors, KYC/KYB orchestration) to avoid repeated PII disclosure; a pilot shows physical QR health credentials and wallets issued to over 50,000 agents. CBDC design matters — an account-based eNaira requiring ID improves reach only if legal and agent liquidity problems are solved.
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chapters (7)
- 0:00Digital identity barriers
- 3:13Government ID gaps
- 10:17Private sector in digital ID
- 18:47Blockchain and self-sovereign ID
- 23:46Policy modernization needs
- 27:01Digital infrastructure challenges
- 33:29Q&A on identity silos
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