Senior Special Advisor & Programs Delivery | Business Advisory & Tech Innovation | AI, Biometrics, Identity, Cyber, Data | GAICD
A small change means the Australian Government’s federated Digital ID scheme will now allow the issuers to hold and process Australian identity data from overseas… This is a loss for sovereignty but a win for multinationals hoping to leverage infrastructure already implemented for other markets. There are still controls in place, in particular under the Privacy Act, meaning we’re not just giving away the keys to the house, and it’s mostly market players operating in the 5-eyes countries and Europe that are likely to really benefit from the decision. But the move could help reduce the barriers to entry and even convince the Big Tech companies to participate in the AGDIS instead of running their solo globally-operated wallet ecosystems (although there’s still a long way to go - including embedding digital wallets into the TDIF framework). The government is having to walk a fine line trying to support the emerging market, but without compromising privacy protections too much. #digitalID #DigitalWallets #sovereignty #australia
Martin Lazarevic
4mo
I more so find it disappointing that we had the opportunity to be better with this, yet it’s just more of the same. Even the Privacy Policy isn’t enough in its current form. Also concerned how this will affect take up and buy in. I know I am already skeptical. This makes me even more so!
Link to a similar article that isn’t behind a paywall: https://www.biometricupdate.com/202407/australian-govt-removes-data-localization-rules-for-digital-identity-scheme