Should govt issued IDs be decentralized?

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14:40 Minutes The average reading duration of this insightful report.

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Should govt issued IDs be decentralized?

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Foundational for identity verification and rights access, government-issued IDs face breaches and inefficiency within centralized systems. Enter Decentralized Identity solutions, redistributing verification control to individuals. But is it applicable for equally for all government services?

What’s inside

  1. Decentralized vs Centralized ID for governments
  2. Identity credential issuing process today
  3. Suitability of government functions to Decentralized Identity
  4. Long term outcomes

Decentralized vs Centralized ID for governments

Decentralization of government-issued IDs is a complex issue with potential benefits and drawbacks. Whether government issued Ids should be decentralized or not depends on various factors that we delineate. Any decision on decentralization should be carefully considered and implemented with caution to ensure that they do not breach security or undermine the government’s programs. Download Complete Research

Identity credential issuing process today

Govt Identity Credential Issuing Process
Govt Identity Credential Issuing Process

We detail out the current Issuing process typically followed by governments today and identify several challenges and issues that face it today. This includes Ids like the Passport, Licenses, Voter cards and Social security cards. All of them are critical and everyone can do with an easier and more fool proof process for the same.

Suitability of government functions to decentralization

We evaluate the different government functions such as Education, healthcare, elections, security, taxation, etc and analyze which of these would be most suitable to be decentralized. We map them on a matrix of Complexity & Coordination and the Need for scrutiny to give us an easy framework for assessment. Download Complete Research

Long term outcomes

We end by considering the long term onjectives and intended outcomes of such an exercise.We feel that Decentralized Identity solutions can rebuild trust in public institutions by empowering residents with data control.

Credits
Author@lab45: Sujay Shivram, Abhigyan Malik

Latest stories

Healthcare trends: Disruptions and innovation

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17:41 Minutes The average duration of a captivating reports.

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Healthcare trends: Disruptions and innovation

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Healthcare transforms with a focus on accessibility, prioritizing IT, the global market is projected at USD 975 billion by 2027. AI and machine learning, expected in 90% of US hospitals by 2025, streamline chronic condition diagnoses. Emerging technologies drive change, influencing preventive and home care in the healthcare landscape.

What's inside

  1. Key takeaways
  2. Key drivers shaping trends in healthcare
  3. Business trends driving innovation
  4. Technology trends aiding the business

Key takeaways

Healthcare IT is a top priority for providers. Nearly 80% of healthcare providers consider it one of their top 5 strategic priorities, with investments in software including revenue cycle management, security and privacy, patient intake/flow, clinical systems, and telehealth. AI, ML, and IoMT are rapidly developing and expected to be used in 90% of US hospitals by 2025. The global mHealth apps market is growing, primarily driven by the adoption of fitness and medical apps. Technology can improve patient care, reduce medical errors, and expand hospital boundaries. However, data interoperability and regulations are necessary, and patient engagement is crucial for a better healthcare system. Download Complete Research

Key drivers shaping trends in healthcare

Empowering customers through GenAI

  • Patient centricity is a top priority as patients now expect a satisfying healthcare experience, like what they receive in other industries. With technological advancements, it is now feasible and cost-effective to meet these expectations and provide patients with a superior experience.
  • Healthcare data is vital for informed decision-making, and data integration is necessary to enable seamless sharing of information between healthcare providers. Seamless integration is vital for seamless patient care, coordinated care delivery, reducing errors, enhancing patient outcomes, and promoting a holistic approach to healthcare.
  • Preventive healthcare is gaining importance as it reduces costs, improves quality of life, promotes early detection, and aligns with advancing healthcare technologies and government policies.

Business trends driving innovation

  • The COVID-19 pandemic has accelerated the adoption of telehealth and telemedicine, leading to a significant growth of the global telemedicine market size.
  • Retail healthcare services are gaining popularity due to their convenience and accessibility.
  • However, the healthcare industry is facing challenges related to data security, cyberattacks, and lack of standardization, which can be tackled by upgrading cybersecurity infrastructure, conducting risk assessments, and complying with regulatory standards.
  • mHealth apps are transforming healthcare by providing easy access to health monitoring, medication management, and wellness, while personalized medicine uses an individual's genetic profile to inform disease prevention, diagnosis, and treatment.
  • The use of AI-driven data interoperability is transforming healthcare data exchange, and regenerative medicine is encouraging regeneration and repair of damaged tissues and organs.
  • Population health management involves analyzing healthcare data to monitor and enhance the health of each person within a population.
  • These healthcare trends impact various stakeholders, including doctors, nurses, patients, pharmacists, and healthcare administrators.

Technology trends aiding the business

  • Artificial intelligence (AI) is transforming healthcare by analyzing patient data, developing new drugs, and improving diagnoses.
  • The global AI market for healthcare is projected to reach a significant amount by a certain year.
  • Nanotechnology promises to revolutionize healthcare by enabling precise diagnosis, targeted drug delivery, and enhanced treatment options.
  • The Internet of Medical Things (IoMT) and wearable devices are becoming increasingly popular for real-time monitoring, diagnosis, and therapy delivery.
  • Robotics, digital twins, virtual reality, health data analytics, and gene editing are also promising in improving healthcare.
  • However, ethical concerns regarding gene editing must be addressed, and regulatory frameworks must be updated to ensure responsible use

Download Complete Research

Credits
Lead Authors@lab45: Anju James
Contributing Authors@lab45: Hussain S Nayak

Top trending insights

Sustainable technology: An urgent need

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Primers: Primers are quick short form business reports that educate leaders on key emerging technologies.

Sustainable technology: An urgent need

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Technology both improves and harms environmental sustainability. It’s is a double edged sword. While emerging technologies such as Al, loT, AR/ VR and others are being used to help achieve sustainability goals, these technologies when put into mainstream adoption will leave a hefty environmental footprint.

What's inside

  1. The urgent need for sustainable technology
  2. A framework for sustainable technology in datacenters
  3. Implementing our sustainable technology framework
  4. Sustainable technology maturity model
  5. Bringing it all together

The urgent need for sustainable technology

If we continue on our current trajectory, datacenters will leave a huge footprint on our planet. Data centers contribution to Co2 Emissions will go up 12X by 2030 and their consumption of water will go up 17X in the same time. Needless to say, they will be huge contributors to E-waste in landfills.

A framework for sustainable technology in data centers

We have developed a framework based on the IT lifecycle consisting of a stack of building blocks. We believe this framework will help facilitate a comprehensive and structured implementation of a Sustainability strategy within the data center.It is quite intuitive and easy to identify potential actions that can be taken and what their impact would be. Download Complete Research

Implementing our sustainable technology framework

As organizations move with sustainable strategies, we highlight key insights that will help drive these strategies. We also identify metrics that can be used to measure progress.

The maturity model

We have painstakingly built a 5-level maturity model that can be used as a guideline to assess where the organization stands. We also give insights on what would be required to move to the next level.

Bringing it all together

We finally put this all together to see how organizations should approach their Sustainability journey.

Credits
Author@lab45: Hussain S Nayak, Sujay Shivram, Chandan Jha
Author@Wipro: Susan Kenniston

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