Who owns a person’s identity? How secure is biometric authentication? These questions are critical because identity verification is crucial in complying with know-your-customer measures that financial institutions require to open an account. It is also central to financial inclusion efforts and to the range of human rights set out in international laws and conventions.

Know more about the challenges related to digital identity in the finance sector, and how these could be addressed.

Blockchain, simply put, is a technology that lets a group of people keep a shared record of events and transactions. It is also known as Shared Ledger Technology (SLT), where a digital ledger is distributed to all participants in a network for recording and validation of transactions. This presentation provides a detailed discussion of blockchain technology and provides several illustrative examples on how it can be used to foster financial inclusion.