Thursday, 21 June 2012

Digital Identity Bank

Changing The Constitution One Transaction at a Time

ImageWe live in a representative democratic society that evolved from the rise of constitutional republics like France and America in the late 18th Century.  This resulted in the emergence of modern constitutions governing the legal behaviour of political leaders, supported by accounting frameworks for citizenship. Governments now manage taxation, legal process and border controls by issuing identity documentation, but as we spend more time online our real world identity overlaps our emerging digital identity and vice versa leading to governments becoming “digital by default” as citizen identity documentation is transformed into data. This process is useful for navigating the digital realm but it lacks democratic accountability, creating a shift in representation from government to private enterprise where information is easily shared without consent, enabling misrepresentation and fraud.

ImageIn response to these challenges the UK government attempted the digitisation of state processes with a National Identity Register, holding fifty categories of information on every British citizen, but this was scrapped in 2010 over human rights and security concerns. More recently at the 2011 e-G8 summit, President Sarkozy of France and Eric Schmidt of Google argued ‘who could best build the networked society’: big government or the corporations? Ben Hammersley, in his British Council lecture then argued ‘that we are moving to networked societies, but we do not yet know how to build them’. Meanwhile global online communities continue to evolve regardless, with over 900 million users signed up to Facebook actively transacting personal data from identity accounts designed to optimise corporate advertising revenues.

ImageCitizens, who nominally hand over their collective power to the state at election time, now need more control of how their identity is represented as both governments and corporations make decisions on our behalf; data protection law needs to be extended to the intellectual property rights of the digital self. Governments could begin translating passports, driving licenses and birth certificates into online citizen accounts that embrace human rights, by granting appropriate charters for citizens’ to represent themselves digitally. ‘True Identity’ accounts, a form of digital passport, could then provide a unique master key for authenticating digital  transactions with utilities, banks and social networks, without handing over data to second or third party providers.

ImageOnline citizen accounts, chartered by government for identity  creates opportunities for an alternative peer2peer economy network to emerge for transacting money, including layers of banking, savings and loans. A financial network without the expensive costs imposed by service providers, only using money issued by government, guaranteed by users through identity accounts. This would enable all currency to be invested back into the social environmental economy to create a robust utility focused solely on the needs of the community that it served. From these citizen-centric themes trust could evolve to transform hierarchical representative democracy into a participatory network society.


Written and Published by Oliver Ashton and Fred Garnett

@oliverashton – @fredgarnett

51 comments:

  1. You won't see such initiatives coming from the centralised corporate oligarchy that is the UK, though. Scandinavia might have the right political culture (with a much stronger commitment to social democracy, and an aversion to invasions of privacy). You might find more decentralised administrations getting interested, possibly even some US administrations, at the state level.

    I would suggest, though, that there's already the scope for alternative means of working, transacting, etc.: what Gramsci called the 'radical infrastructure': hegemony isn't going to go away just because we have digital passports, not if those passports remain controlled by the state. As ever life will remain a constant effort to live in decolonised and democratic way, working and collaborating to, as far as possible, retain one's autonomy in a world where others are always seeking to erode it and extract capital from you at the personal level. The first step is to recognise the morally illegitimate nature of government.

    ReplyDelete
  2. I really appreciate the critical thinking that went into this blog. Gets better and better.
    Joseph Hayon

    ReplyDelete
  3. Therefore, the estimation of your digital cash goes up. This is somewhat the arrival on your speculation. bitcoin lending

    ReplyDelete
  4. It is a web based type of currency or medium of trade. It can be related with customary currency, Forex trade and settlements, Hashkon ICO

    ReplyDelete
  5. In this way, though previously, when there was a requirement for a substantial system it was just achievable utilizing a progressive structure; https://cybermentors.org.uk/

    ReplyDelete
  6. Before getting into mining bitcoins, you have to comprehend, that it's not a simple method to get bitcoins, it requires some tech learning, which may not be down to earth for you. Btc doubler

    ReplyDelete
  7. However, the Bitcoin price depends on the level of confidence its users have, as the more major companies accept Bitcoin as a method of payment, the more successful Bitcoin will become.eyeline trading

    ReplyDelete
  8. Since the computerized currency is developing at a quick pace, the quantity of clients is expanding. Thus, it's the correct time to make the venture and receive the rewards. "binance exchange - official site

    ReplyDelete
  9. The savvy cash is as of now taking a gander at the lion's share of "alt" coins (Ethereum/Ripple and so on) which have a generally little cost, yet are persistently developing in cost and reception. http://icowatchers.co

    ReplyDelete
  10. IcoPulse is doing so much to the normal people on https://icopulse.com/ico-list/internet and I think that it won't work that way. There needs to be a way out and people should help me with it. I need to get more ideas from it and only then can I Invest this money. I'm not sure about it right now.

    ReplyDelete
  11. Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. Lawyers

    ReplyDelete
  12. Bitcoin is obvious that its benefits are important enough to make it a legitimate competitor to challenge conventional currencies in the not too distant future.https://www.jetwin.com/en-us/bitcoin-casino

    ReplyDelete
  13. This is nearly impossible for a newbie. Traders have to open a series of padlocks in order to solve the mathematical calculations https://bitcoinvest.cc

    ReplyDelete
  14. Some of the most important chapters that you must have at least the basic knowledge of, may include chapter 7 bankruptcy, chapter 13, chapter 11, chapter 17 etc.

    blclawcenter.com

    ReplyDelete
  15. This kind of wallet acts both as a wallet for you and as a feature of the bitcoin framework.Bitcoin carding The reason bitcoin works is that each exchange is communicated and recorded as a number over the whole framework (implying that each exchange is affirmed and made irreversible by the system itself).

    ReplyDelete
  16. The author has composed this blog in the most aesthetic way. Awe inspiring!
    guaranteed approval poor credit loans

    ReplyDelete
  17. Thank you for the comments. It's been sometime since Fred and I decided to publish the possibilities of our digital identity thought workshops. The ket question will always be "what happens if you give people ownership of their own identity and how do you monetise this?"

    ReplyDelete
  18. For the most part there are a bunch of approaches to validate that a bitcoin change site page is innocuous. chipmixer

    ReplyDelete
  19. At that point, your odds of winning are getting progressively increasingly troublesome with more challenge. Further muddling this issue is that each time a math issue is explained.iqmining promo code

    ReplyDelete
  20. The dispersed idea of blockchain makes anything dependent on it more practical, effective, and verified.bitcoin wallet Techpally.com

    ReplyDelete
  21. Private companies love them, on the grounds that there're no Visa expenses included. There're people who purchase bitcoins only with the end goal of venture, anticipating that them should raise their worth.
    https://cryptalker.com/ripple-worth-buying/

    ReplyDelete
  22. Indeed, even the Winklevoss* twins, who have millions put resources into bitcoin, put their speculation on hard drives which they at that point put into a security store box. bitcoin code

    ReplyDelete
  23. Basically ensure that you employ the administrations of the best New York lawyer to enable you to manage any sort of lawful issue or matter.how to find a personal injury lawyer

    ReplyDelete
  24. The bank chooses if the exchange ought to proceed. The bank additionally holds the record of all exchanges made by Rob, and is exclusively liable for refreshing it at whatever point Rob pays somebody or gets cash into his record. blockchain technology applications

    ReplyDelete
  25. The emergence of Web 2.0 technology coupled with banks' desire to personalise their e-banking to the highest degree is likely to result in "portalisation" of Internet banking.Best banks in India

    ReplyDelete
  26. Wow what a Great Information about World Day its very nice informative post. thanks for the post. meezan bank | js bank

    ReplyDelete
  27. This comment has been removed by the author.

    ReplyDelete
  28. Barclays' offshore banking solutions are often chosen by British expatriates who already have a business relationship with the bank before they leave the UK and who are aware of the bank's pedigree and reputation. myifsccode.com/

    ReplyDelete
  29. I am impressed. I don't think Ive met anyone who knows as much about this subject as you do. You are truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you have got here. One Pearl Bank

    ReplyDelete
  30. You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming. sme digitalisation grant

    ReplyDelete
  31. It was really a nice experience to be on your blog. Want to Buy bitcoin in Canada then you can buy and sell from vancouverbitcoin.com.

    ReplyDelete
  32. The first phase the preparation should, theoretically, be uninfluenced by the intended intensity and duration of the sound which is subsequently produced. In fact, however, so quickly are the three phases accomplished that the pianist rarely has capacity to think, in performance, of each phase separately. Digital Seva

    ReplyDelete
  33. With cryptocurrency, blockchain is related. So, every transaction is recorded on this public ledger, avoiding any hoax. And, all of the identities are encrypted to beat the identification theft. If you want to learn more about this topic please visit https://quickex.io/exchange-btc-trx

    ReplyDelete
  34. I would love to keep track of your posts, it is really a useful source of information, wish you success. Learn How to buy cryptocurrency in Canada at vancouverbitcoin.com.

    ReplyDelete
  35. This is a great article with lots of informative resources. I appreciate your work this is really helpful for everyone. Check out our website How to Invest in IPO for more Startupz Culture. related info!


    ReplyDelete
  36. Nice reading, I love your content. This is really a fantastic and informative post. Keep it up and if you are looking for Accounts Consolidation then visit Insiet Ltd

    ReplyDelete
  37. There are actually two types of free online games business that a person can choose to play - there are the games that exist only to give the user pure enjoyment and fun; however, there are also games that exist to teach people about the important concepts of businesses in a fun and light manner. 바둑이게임

    ReplyDelete
  38. Great articles and great layout. Your blog post deserves all of the positive feedback it’s been getting. mymonero anonymous online wallet

    ReplyDelete
  39. The greatest advantage that you are likely to get from these online recharge facilities is that it can be done online. You no longer have to stand in queues and wait for your turn to come. You can checkMobile Recharge Software for a range of services.

    ReplyDelete
  40. Lots of people say bitcoin is anonymous but it is not, it is only pseudonymous. To send or receive money anonymously, BTC have to be exchanged to XMR and then XMR can be sent to a monero wallet, xmr anonymous online wallet that can be accessed without any ID. That's the only way to stay safe.

    ReplyDelete
  41. Your contents are too straightforward to browse and easy to understand.
    bitcoinblueprint

    ReplyDelete
  42. I want more and more articles and blogs please post soon such informative information.
    bitcoin blueprint login

    ReplyDelete
  43. Bitcoin is the new cryptocurrency planned by Satoshi Nakamoto in 2007 and was brought into reality in the business-world in 2009, generally acknowledged by an enormous number of financial specialists as it guarantees the better yield on their ventures. bitcoin mixer

    ReplyDelete
  44. I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people.Top cryptocurrency blog

    ReplyDelete
  45. Nice article, Which you have shared here about the bank identity. Your article is very informative and useful to know more about the digital identity banks. Thanks for sharing this article here. all recharge software

    ReplyDelete
  46. It's likely a real program, but without many real secrets. Trading currencies online is simply a change of venue; currencies until recently were traded over the phone or over corporate systems. You can trade with an account at Etrade or other online brokerages and also you can check perfect money exchanger in faisalabad, and start with $10,000 or less, especially if you buy/sell FX options at first and buy sell usdt in pakistan. In this way your costs (at least with Buys) are known and you cannot be liable for an open ended trade as with FX forwards (buying or selling a currency to a future date at a predetermined market price -this type of trade leaves you liable to make delivery/accept delivery of a currency ata price that could be $10,000s away from your contract price, if you don't stop out (buy/sell to counteract a position gone awry). With the markets today, FX trading is a roulette game. Find out more: https://www.xchanger.pk/

    ReplyDelete
  47. Buy Facebook Likes and followers from likesbee will give you 100% real and active likes and followers.

    ReplyDelete
  48. Every week-end I used to pay a fast visit this site, because I’d like enjoyment, because this web site conations certainly fussy material.
    bitcoin era

    ReplyDelete
  49. This comment has been removed by the author.

    ReplyDelete