In December Mastercard shared that they were working on an international digital identity which would be able to verify financial transactions, work with governments etc.; many were skeptical of the ambitions and today we learned more about their plans in a 24-page report; the platform would put consumers in control with a locally stored identity as opposed to a centralized system; consumers would be able to set up their ID at a bank or other financial institution; president of cyber and intelligence solutions, Ajay Bhalla noted that it will securely bind a person’s identity to their smartphone or other device; Wired has further details about how the platform would work. Source
