Technology Vision 2023 | When Atoms meet Bits #TechVision fuel things like electric vehicles. By giving the plant to a 12-digit pin and has been used for of昀氀ine and and solar cells a unique digital ID, the company was online purposes like COVID-19 vaccinations and able to expose innovative new business models, contact tracing, as well as banking and 昀椀nancial ones that turned customers into stakeholders. services—and it is now being adopted by Sri Lanka too.58, 59, 60, 61, 62 And the European Union plans to roll 63 Soon enough, However, the time to seize the opportunity and out a digital identity system in 2023. become an early leader is now, and it won’t last long. it won’t just be early adopters creating digital Gaining advantage with single solutions and one-off identities. Businesses may soon be required to do disruptive new efforts today is only part of the story. so to integrate with state-level programs. Enterprise leaders must grasp the full scale and speed at which identity is changing our digital and Digital identity may not be a signi昀椀cant part of your physical landscapes. What we are truly witnessing innovation agenda today—but it needs to be. The is nothing short of digital transformation at a imperative is two-fold: while there is opportunity Look at how Wien Energie, an Austrian energy societal level. to explore, 昀椀nd value, and innovate around digital provider, recently tokenized one of the largest identity right now, there is also a speeding torrent 55 The photovoltaic (PV) solar plants in the country. The UN calls for the creation of a legal ID for of change coming that will inevitably shape what company created unique identifying tokens for each all people by 2030 as part of its Sustainable all businesses can do, and how they do it, across individual PV module in the plant, which were then Development Goals, so it’s no surprise governments the web. Some will experiment with their own sold to customers. Token holders receive an annual around the world are beginning to make digital digital identity projects. Others will investigate and 56 payment relative to the amount of energy produced identity a top priority. As one of the 昀椀rst digital prepare for how changes to digital identity will by the plant. Right now, it’s a closed system, so identity adopters, Estonia has 98% of its citizens demand business transformation. And for everyone, payment is made in the form of discounts on electric registered with its electronic identity system (e-ID) regulations are sure to come, so the last thing you bills. But the company envisions a future where that is used for public services like voting, health want is to be caught off guard and left behind. 57 India’s Aadhaar, with these tokens can be used to fund new plants, used insurance, taxes, and more. It’s time to stop overlooking digital identity. Let it as proof of origin for energy sources, or traded to a 93% adoption rate, ties biometric information catalyze your future.