Benefits & Usage
![id-proof id-proof](https://infixrisktech.com/wp-content/uploads/2023/08/id-proof.jpg)
1. Single Electronic Identification (eID)
Uniformization of centralized single digital ID instead of utilizing multiple ID types ( such as passport, driver’s license etc) as form of personal identification.
Value Added Services such as access to Open Banking APIs or Legal Archiving.
Connect with different ID schemes to perform SCA for identity verification.
2. Interoperability of eID
By using government-based public servers (eIDAS nodes) to support intercountry functionality.
A gateway for Attribute Providers and Trusted Services Providers to leverage the Wallets and extend their reach.
Government-issued eID through specific country requirements.
3. Scale of use
Improve the reach of online services and increase transactions in both the public and private sectors.
Benefits for public & private eService providers: it helps to streamline the onboarding process of new customers.
Reliable and up-to-date user information shared by the Identity Provider entity.
The whole financial industry will benefit from significant cost saving resulting from shifting way from physical infrastructure.
Value Added Services such as access to Open Banking APIs or Legal Archiving.