Nasdaq Envisions How an eGovernment Can Ensure Citizen Security
Kalina N — May 5, 2020 — Pop Culture
References: nasdaq
Nasdaq has shared its proposal of how an eGovernment infrastructure can ensure citizen stability during times of uncertainty. Inspired by the eGov solutions in Estonia, the organization builds a plan of how such features can be employed throughout the US. One main motivator for this is the need for more expedited delivery of stimulus packages to citizens and businesses.
For the eGovernment to work, each account needs a digital identity and users can be verified through biometrics that ensure "de-duplication and [secure] account access." Nasdaq foresees that this online infrastructure will allow for the government to send "programmable eMoney or USD (eVouchers) worth $1,000 to all users who registered." The proposal highlights that the transaction delivery system also needs to be scalable and capable of performing an unlimited amount of transactions per day.
Image Credit: Shutterstock
For the eGovernment to work, each account needs a digital identity and users can be verified through biometrics that ensure "de-duplication and [secure] account access." Nasdaq foresees that this online infrastructure will allow for the government to send "programmable eMoney or USD (eVouchers) worth $1,000 to all users who registered." The proposal highlights that the transaction delivery system also needs to be scalable and capable of performing an unlimited amount of transactions per day.
Image Credit: Shutterstock
Trend Themes
1. Egovernment Infrastructure - Disruptive innovation opportunity: Developing secure and efficient eGovernment systems that enable expedited delivery of stimulus packages to citizens and businesses.
2. Digital Identity Verification - Disruptive innovation opportunity: Creating biometric-based digital identity verification systems for secure and accessible account access in eGovernment.
3. Programmable Emoney - Disruptive innovation opportunity: Implementing the use of programmable eMoney or eVouchers as a means of distributing funds to registered users in eGovernment.
Industry Implications
1. Government Technology - Disruptive innovation opportunity: Bringing efficient and reliable technology solutions to the government sector for improved citizen services and stability during times of uncertainty.
2. Biometrics - Disruptive innovation opportunity: Advancing biometric technology to enhance digital identity verification methods in various industries including eGovernment.
3. Financial Technology - Disruptive innovation opportunity: Revolutionizing financial technology by introducing programmable eMoney systems for secure and convenient transactions in eGovernment.
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