Digital Identity Verification — Implementation & Benefits for Business Owners | MarkMeets | Celebrity News, Music, Movies, TV, London Film Premieres

Digital Identification (e-ID) based on sensors, thereby providing access to services 24/7 with no security bags and issues. Most developers use equipment with sensors, including biometrics. New technology is essential for government authorities, commercial entities, enterprises(taxes, registration), and individuals. There are so many advantages to such a solution — easy and quick access, a strong level of security, continuous user experience, and others. Let’s see how it works in different areas.

Table of Contents

The Main Prospects of E-ID

The ecosystem based on digital identity can become the backbone of economic changes. Marketers expect growth in e-commerce, new personalized products, or control of supply chains. It also applies to the creation of a completely new customer experience. But these are not the only cases. A variety of sensors and cloud platforms are increasingly being implemented in medicine. Access to digital patient data may be the main tool for reducing healthcare costs.

People use digital identity verification every step of the way, given the rapid development of smart infrastructure in cities, airports, or underground. Increasingly, there are needs related to the confirmation of a particular sign or so-called identity attributes — age, tax number, nationality, gender, and details of family members. Biometry authentication is the best way to quickly and safely gain access to such information. So, developers are unlikely to doubt the prospects of this technology.

Two-factor Authentication (2FA) — How it Works

The digital ecosystem is constantly evolving. The need for identity verification goes beyond government agencies or businesses. Now, thousands of users exchange data within various ecosystems, since there are almost no differences between “citizen”, “consumer”, “user”, “student” and other domains of identity. In such cases, people need additional protection. If the teams involved in digital identity verification prefer two-time authentication, they ensure the following:

A special code sent via SMS or e-mail is difficult to intercept. PIN codes are not stored on the PC and are only valid for a few minutes, making it harder to hack.
Public key authentication is implemented with advanced technologies such as HTTPS/SSL. Verification involves a human intervention to type the code which prevents the use of boots.

Business operations are increasingly carried out through digital ecosystems. This also applies to financial and corporate data, licenses held, driver’s licenses, certificates, school or university degrees, permits, powers of attorney, and professional qualifications. Access to such data can be provided using a universal key — digital verification. Developers often focus on such solutions. See how CIAM can help you easily implement 2FA.

Implementation in Different Business Areas

Most developers offer several options for connecting 2FA — Google Authenticator, two-factor authentication, or sending SMS codes. This is a good alternative for entering a password from an e-mail. Such technology is used in the following cases:

Payment systems (e-wallets)
Social networks
E-mail services
Messengers
Exchanges, including cryptocurrency
Game services

Key Takeaway

Entrepreneurs can’t work without digital solutions. 2FA is the most common tool that is used to protect data or confirm online operations. Such technology has become very common over the past 5-7 years. The main task for developers is to keep personal security data. If you contact Euristiq professionals, you are unlikely to have any problem in this regard.