Digital identification, or “digital ID,” can be authenticated unambiguously through a digital channel, unlocking access to banking, government benefits, education, and many other critical services.
The risks and potential for misuse of digital ID are real and deserve careful attention. When well-designed, digital ID not only enables civic and social empowerment, but also makes possible real and inclusive economic gains—a less well understood aspect of the technology. In this research, we develop a framework to understand the potential economic impact of digital ID, informed by an analysis of nearly 100 ways in which digital ID can be used in Brazil, China, Ethiopia, India, Nigeria, the United Kingdom, and the United States.
In our seven focus countries, extending full digital ID coverage could unlock economic value equivalent to 3 to 13 percent of GDP in 2030, with just over half of the potential economic value potentially accruing to individuals. Realizing this value is by no means certain or automatic—it necessitates multiple high-value use cases and high levels of usage—and not all of these potential sources of economic value may translate into GDP. Yet, with careful system design and policies to promote uptake and mitigate risks, digital ID could be a powerful key to inclusive growth, offering quantifiable economic value to individuals, beyond significant noneconomic benefits.
> Read the full article on the McKinsey website
By Olivia White, Anu Madgavkar, James Manyika, Deepa Mahajan, Jacques Bughin, Mike McCarthy, and Owen Sperling
Rapidly changing workplace dynamics over the past decade and especially during the Great Resignation are forcing company leaders to tap into what we call “fluid talent.” Rather than just drawing from traditional sources, they should look to former employees and freelancers as well as talent that is hidden elsewhere in the company, borrowed from other companies, or working in other geographic markets.
Borderless is proud to announce that it has recently received a Bronze award from Ecovadis. An initial assessment of the firm’s performance in environmental, labor and human rights matters, placed the firm in the top 50% of companies assessed by Ecovadis.
The planet changes quickly. But in the past, such changes have been difficult to track in detail as they’re happening. A new tool from Google Earth Engine and the nonprofit World Resources Institute pulls from satellite data to build detailed maps in near real time. Called Dynamic World, it zooms in on the planet in 10-by-10-meter squares from satellite images collected every two to five days.