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Digital IDs ubiquitously used in the Nordics claim fraud rates of only 0.00042%—far less than what Californian consumers & businesses currently deal with.
🤳 Friction reduction for digital transactions reduce lock-in and unlock massive economic potential.
🤝 Enhanced trust online (and in-person) drives social cohesion and accountability.
🪩 Improved privacy for consumers (recall the status quo is photographing & uploading copies of a physical ID card to sub-processors of sub-processors in a process opaque to the end user).
📈 McKinsey estimates advanced digital ID alone could unlock an additional 3% GDP growth in mature economies like USA and UK.
Trinsic - mobile driver’s license grow fast in 2025
Financial Services
sifma - Regulated Settlement Network Proof-of-Concept - Dec 2024 - Tony McLaughlin
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FEMA Issues Survival Guide Amid Fears Of Nuclear Attack - 241204
three crucial steps: Get Inside, Stay Inside, and Stay Tuned
https://www.fema.gov/emergency-managers/national-preparedness/plan
TrustGrid Concepts
TrustGrid and Heale partner on Logistics Supply Chain
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But in retrospect, it’s pretty obvious right? You have a plastic ID card. Why wouldn’t you also have a digital ID card? Especially when it’s easier to use online, better for privacy, and only takes 2 minutes to obtain.
mDL adoption is accelerating because it’s obvious. California doubled enrollment (from 600k to 1.2m) over the last few months. New York’s mDL is growing ~10% week-over-week. 10 more states will launch mDLs in 2025 (that we’re aware of!) and none show signs of slowing down.
And it’s not just constrained to the US. Buenos Aires launched digital driver’s licenses ~45 days ago, and have 200k+ downloads. (Podcast on this coming soon!)
In a recent version of the image associated with this post, we actually removed New Mexico because although we knew they were piloting/preparing, we couldn't find a public indication confirming their launch plans. But now, we get to add them back to the image! Unless we have another December surprise, the US states to launch an mDL in 2024 are: Virginia, Ohio, New York, Hawaii, New Mexico.
At this rate, I can't wait to see where we're wrong about our 2025 predictions!! We're doing a webinar next week called "2025 digital ID launches to watch" if the topic interests you register here:https://trinsic.id/webinar