Monday, October 27, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Is REAL ID Already Outdated?

by Ian King
May 8, 2025
in Markets
Reading Time: 6 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


We made it by means of months of marriage ceremony planning with out ever elevating our voices. We negotiated the invites with laughter and pleasure. We calmly made our method by means of the marriage rehearsal, and the ceremony and reception went off with out a hitch.

Now we have been newlyweds.

All that was left was to go on our honeymoon. What may probably go fallacious?

It was clean crusing from right here…

That’s, till we obtained to the airport and realized my spouse’s passport had expired.

Fortunately, with categorical passport providers and a reasonably egregious one-time cost of $700, our honeymoon was solely delayed at some point.

It’s a scary second while you understand you could be locked out of a visit due to a easy oversight.

Sadly, this second is sure to occur to many People over the approaching months.

As a result of beginning at this time, each traveler within the U.S. aged 18 and older is meant to want a REAL ID-compliant type of identification to fly domestically.

Based on the Transportation Safety Administration (TSA), round 81% of vacationers at the moment have compliant IDs.

Which means thousands and thousands nonetheless don’t.

So what is that this REAL ID anyway?

It’s a part of a nationwide effort that started after 9/11 to create a extra uniform, safe system of state-issued IDs. The concept was to tighten the requirements for issuing driver’s licenses and to make id verification safer and constant throughout all 50 states.

And it’s a good suggestion. However right here’s the factor…

REAL ID isn’t really a digital id system. It’s only a harder-to-fake bodily card.

In different phrases, it’s a Twentieth-century answer for a Twenty first-century downside.

Look, I believe it’s nice that the U.S. is pushing for a extra centralized, top-down method to id verification.

However I imagine we’re lacking out on a greater, safer method to ensure we’re all who we are saying we’re.

It’s referred to as Self-Sovereign Identification (SSI), and it ought to reshape the best way we method id verification within the digital age.

A New Identification

To grasp the promise of Self-Sovereign Identification, it’ll assist if we first check out the issues we’ve inherited from the programs we use at this time.

In a centralized mannequin — whether or not it’s the DMV, Fb, your financial institution or a authorities company — your id is saved, managed and shared by another person.

In different phrases, your knowledge lives on their servers. Which implies they get to determine who sees what… and when.

Clearly, this comes with dangers, particularly as knowledge breaches turn out to be extra routine.

Based on Statista.com, over 1.35 billion people have been affected by knowledge compromises, together with knowledge breaches, leakage and publicity in 2024.

That may be a 283% improve from the yr earlier than.

And since your private knowledge is scattered throughout dozens of platforms, each is a possible level of failure.

That’s why verifying somebody’s id typically requires a number of third events. However all that does is gradual all the pieces down and create much more alternatives for fraud.

REAL ID doesn’t repair these issues.

It doesn’t offer you management over your personal knowledge, and it doesn’t work on-line. All it does is add one other piece to the patchwork of potential factors of failure.

That’s why I’m a proponent of Self-Sovereign Identification. As a result of with SSI, the concept is that as a substitute of counting on establishments to outline and retailer your id, you carry it with you.

In different phrases, you personal and management your digital id.

Right here’s the way it works.

You’re given your personal distinctive Decentralized Identifiers (DIDs), that are blockchain-based IDs that you simply management.

You even have Verifiable Credentials (VCs), that are digitally signed credentials from trusted issuers that may be immediately verified with out revealing delicate data. These are issues like a college diploma or a COVID vaccination.

However this knowledge not must be saved on an organization or authorities server.

As an alternative, it’s held in a safe digital pockets just like a crypto pockets. Besides this one holds your private knowledge.

Which means your credentials aren’t locked to 1 platform or nation. You should use them throughout borders and throughout providers. In lots of instances, you possibly can even use them offline.

That makes your knowledge moveable and personal. And it additionally makes it safe since you determine who will get to see what.

Need to confirm you’re over 21? You are able to do that with out exhibiting your birthdate or tackle.

In actual fact, you possibly can show any information about your self, like your citizenship or work {qualifications}, with out exposing any greater than is important.

And I need to be clear. This isn’t some pie-in-the-sky concept.

We now have all of the items to make this work.

The worldwide marketplace for digital credential administration software program is anticipated to just about double from 2024 to 2029.

Turn Your Images On

Supply: https://www.thebusinessresearchcompany.com/

And different governments are already beginning to transfer ahead with SSI applications.

In 2023, the European Union accredited its framework for a Digital Identification Pockets, which is able to permit all EU residents to make use of SSI-based credentials for providers throughout member states.

And China has launched its personal model, RealDID, designed to let customers authenticate on-line providers utilizing decentralized identifiers whereas nonetheless maintaining authorities oversight.

What’s extra, we’ve seen the sensible utility of this type of program in the actual world.

The UN World Meals Programme applied a profitable blockchain-based id system to assist Syrian refugees in Jordan obtain meals help with no need a government-issued ID.

In the meantime, right here within the U.S. we’re nonetheless issuing plastic ID playing cards.

Right here’s My Take

In the event you haven’t “upgraded” to a REAL ID but, you’re not alone.

Many people are planning on utilizing their passports as a substitute once they journey domestically.

And simply yesterday, the Division of Homeland Safety (DHS) Secretary, Kristi Noem, introduced that vacationers with out the doc would face further screening at this time however would nonetheless be allowed to fly.

I take a look at REAL ID as a missed alternative.

Certain, it might probably get you thru the TSA, however SSI may take you thru to the subsequent stage of id verification…

From centralized management to particular person possession.

As a result of in an more and more digital financial system, you’ll need to be the one holding the keys to your personal id.

Regards,

Ian King's Signature
Ian King
Chief Strategist, Banyan Hill Publishing

Editor’s Word: We’d love to listen to from you!

If you wish to share your ideas or ideas concerning the Every day Disruptor, or if there are any particular subjects you’d like us to cowl, simply ship an e mail to [email protected].

Don’t fear, we gained’t reveal your full title within the occasion we publish a response. So be happy to remark away!





Source link

Tags: outdatedReal
Previous Post

IAMGOLD Corporation 2025 Q1 – Results – Earnings Call Presentation (NYSE:IAG)

Next Post

Real ID Is Not About Keeping You Safe

Related Posts

HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

by Lim Hui Jie
October 27, 2025
0

A view of the brand of HSBC financial institution on a wall outdoors a department in Mexico Metropolis, Mexico, on...

Top Wall Street analysts champion these 3 stocks for solid returns

Top Wall Street analysts champion these 3 stocks for solid returns

by TipRanks.com Staff
October 27, 2025
0

The inventory market has been unstable these days as buyers examine the newest twists and turns within the the U.S.-China...

Popular investing strategy losing appeal with stocks at record finding

Popular investing strategy losing appeal with stocks at record finding

by Jill Schneider
October 26, 2025
0

Passive investing via exchange-traded funds could also be shedding its enchantment.Tidal Monetary Group Chief Income Officer Gavin Filmore finds lots...

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

by Kenneth Squire
October 26, 2025
0

Firm: Fluor Corp (FLR)Enterprise: Fluor is a holding firm that gives engineering, procurement, building, fabrication and modularization, and mission administration...

Byline Bancorp anticipates crossing B asset threshold in Q1 2026 while maintaining strong capital and loan growth (NYSE:BY)

Byline Bancorp anticipates crossing $10B asset threshold in Q1 2026 while maintaining strong capital and loan growth (NYSE:BY)

by SA Transcript Insights Editor
October 25, 2025
0

Looking for Alpha's Disclaimer: The earnings name insights are compilations of earnings name transcripts and different content material accessible on...

Meta Platforms to report Q3 earnings on October 29. Here’s what to expect

Meta Platforms to report Q3 earnings on October 29. Here’s what to expect

by Staff Correspondent
October 25, 2025
0

When Meta Platforms, Inc. (NASDAQ: META) studies its third-quarter outcomes, buyers will probably be on the lookout for updates on...

Next Post
Real ID Is Not About Keeping You Safe

Real ID Is Not About Keeping You Safe

America and China prepare for an Alpine trade clash

America and China prepare for an Alpine trade clash

Stocks Rally to Record Highs on Favorable US CPI Report

Stocks Rally to Record Highs on Favorable US CPI Report

October 27, 2025
Federal investigators are looking into Tesla’s Mad Max mode, which reportedly defies speed limits

Federal investigators are looking into Tesla’s Mad Max mode, which reportedly defies speed limits

October 27, 2025
Tesla chair warns Musk may quit if trillion-dollar pay deal is rejected | Elon Musk News

Tesla chair warns Musk may quit if trillion-dollar pay deal is rejected | Elon Musk News

October 27, 2025
BridgeBio Pharma, Inc. (BBIO) Discusses Positive FORTIFY Phase III Interim Results in Limb-Girdle Muscular Dystrophy Type 2I/R9 Transcript

BridgeBio Pharma, Inc. (BBIO) Discusses Positive FORTIFY Phase III Interim Results in Limb-Girdle Muscular Dystrophy Type 2I/R9 Transcript

October 27, 2025
Galp Energia, SGPS, S.A. (GLPEY) Q3 2025 Earnings Call Transcript

Galp Energia, SGPS, S.A. (GLPEY) Q3 2025 Earnings Call Transcript

October 27, 2025
Peru to locally produce South Korean combat vehicles

Peru to locally produce South Korean combat vehicles

October 27, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Stocks Rally to Record Highs on Favorable US CPI Report

Federal investigators are looking into Tesla’s Mad Max mode, which reportedly defies speed limits

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In