New Technology from Liquid Avatar Provides Digital Verifiable Credentials for Covid-19 Testing
Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Digital Identity, Privacy, KYC, AML/ATF
Open data for finance as an emerging source of GDP growth
OECD The Forum Network | Olivia White | Aug 10, 2021
Even before the COVID-19 crisis, policy makers in the OECD and beyond were identifying the potential for innovation and productivity growth that could be derived from building out digital financial infrastructure including greater sharing of financial data. This focus has helped give rise to the Open Banking Implementation Entity in the United Kingdom, the European Union’s second payment services directive, and broad discussion in the United States around a consumer-authorized data-sharing market, among other initiatives.
To what extent could open-data ecosystems for finance go beyond greater convenience and easier interactions between financial providers and their customers?
Our research suggests that the upside in terms of generating GDP growth is considerable. At the same time, we find that the size of that GDP lift, and how the economic value can be shared among the various market participants, depend in large part on the design and working of each ecosystem, and in particular the degree to which data are standardized and how broadly they are shared.
In our recently published study, we focused on four regions—the European Union, India, the United Kingdom, and the United States—and identified seven mechanisms for value creation from the adoption of open-data for finance.
See: Open Finance data adoption varies by country (but one thing is certain)
For consumers, these ecosystems can increase access to financial services, including for individuals and small businesses who might otherwise be shut out for lack of credit history. They can also improve user convenience, including with potentially substantial time savings from less routine form-filling, among others, and provide a much larger range of financial product options.
For financial providers, the value-creating mechanisms we identified include increased operational efficiency arising from more efficient data management, along with stronger fraud prevention, improved workforce allocation, and reduced friction from data intermediation, given the reduced need to pull in data from third-party providers.
We sized 24 use cases across these seven mechanisms. Extrapolating to a country or regional level, our analysis suggests that the boost to the economy from broad adoption of open-data ecosystems could range from about 1 to 1.5 percent of GDP in 2030 in the European Union, the United Kingdom, and the United States, to as much as 4 to 5 percent in India. All market participants benefit, be they institutions or consumers—either individuals or micro-, small-, and medium-sized enterprises (MSMEs)—albeit to varying degrees.
Only a fraction of that potential value is being accessed currently
- We estimate the UK has accessed about 30 to 40 percent of the potential value
- European Union and the United States are at about 10 percent of the potential
- India, which has been building out its digital financial infrastructure on the back of its Aadhaar digital identification system, has managed to access about 60 percent of the value of open data for finance to date
See: Minister Freeland releases final report with 34 recommendations on Open Banking from the Advisory committee
Capturing more of the potential value will require a greater degree of data standardization and broader data sharing. For now, both are quite varied across the four regions we examined.
Key takeways from our research include the critical importance of establishing trust in the system, along with the infrastructure to support it. Financial data are particularly sensitive, and users are more likely to want to share data if they know what they are sharing and why that sharing is valuable to them.
Digital infrastructure is also a must, and ecosystems with high-assurance digital ID have an advantage in being able to control use of data and reduce friction in managing online accounts.
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Download the full 36 page PDF report -- > here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Are you a Pig, Gazelle or Bear? Beyond Unicorns, Zoology of startups
Sifted | Maija Palmer | Aug 18, 2021
We all know about unicorns, the term for a startup company with a valuation of more than $1bn which was first popularised by VC Aileen Lee in 2013.
But these days the ranks of unicorns are filling out — there’s now a herd of 672 of them globally — thanks to a glut of investor money. We’ve had to invent the ‘decacorn’ — a startup valued at more than $10bn — and the ‘hectocorn’ — valued at $100bn — to distinguish the standout successes.
See: Forget Unicorns. Zebras are (more sustainable) and the future!
But there are other paths to success than VC-backed rapid growth, and not every startup even wants to be a unicorn. It’s worth taking a moment to consider some of the other animals in the startup menagerie:
Zebra
Zebras, unlike unicorns, are focused more on generating profits than growth at all costs. They are also dual-purpose, both black and white, so they fuse social purpose with shareholder returns.
Rhino
The rhino is a lot like the unicorn — both animals have horns after all. But rhino startups aim to be both big and profitable. In this Tech in Asia article, Nick Nash, cofounder and managing partner of Asia Partners, defines rhinos as companies that have a valuation of $1bn on a price-to-earnings multiple, not on a revenue multiple. Rhinos are actually far rarer than unicorns.
Pigs
Pigs are startups that take advantage of the fact that it has become relatively cheap and easy to make a web product. You can get the development work done at a modest price and even raise some initial capital with a sexy kick-starter campaign.
See: Canada attracts record $4.8 billion in fintech investment in H1’21: how high can it go by year end?
Pigs aren’t building the company for long-term world domination — they’re aiming to sell to a big corporate or a competitor at the right moment.
Bear
A bear is a solitary, awkward creature that values its independence and therefore doesn’t want to take VC money. The founders of these companies choose the bootstrapping route, which makes life harder for them. But if it pays off, they end up rich AND in control of their companies.
Camel
Recently, VCs have been talking more about camel startups. These are creatures that depend less on venture capital to survive. They may raise a few smaller rounds to get going, but can also survive for longer periods in the ‘desert’ of cash-strapped markets.
Cockroach
Cockroach companies aren’t glamorous, aspirational or exciting. But they are great at surviving. Dave McClure, founder of 500 Startups, is credited with coining the term in 2013 to describe resilient companies that optimise for sustainable, steady growth. Like its namesake, the term lived on to grow in the shadows, popped up here and there, and generally survived without making many headlines.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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UK Government: Next step in plans to govern use of digital identities revealed
UK government | Aug 3, 2021
Plans reveal how data can be shared between organisations so they run smoother and users can access services more easily.
The government yesterday published the second version of its digital identity trust framework which is part of plans to make it faster and easier for people to verify themselves using modern technology through a process as trusted as using drivers licenses or passports.
These latest draft rules of the road for governing the future use of digital identities follow the publication of the first version of the trust framework in February 2021 and the consultation last month. The framework incorporates extensive feedback from an online survey and government engagement sessions with a range of external organisations.
See: Can Liquid Avatar end fake COVID vaccine cards?
The framework shows how organisations can be certified to provide secure digital identity services, they will have to go through an assessment process with an independent certification body. It also states how data can be shared between organisations and announces the government will start testing the framework in partnership with service providers.
Applications have opened for organisations interested in taking part in the testing process, which will involve organisations assessing where their service meets the proposed trust framework rules and providing feedback to the government. This process will prepare organisations for full certification in the future, as well as help the government to refine trust framework rules so they work for both people and organisations.
Once finalised, the government plans to bring the framework into law and make it easier and safer for people to use digital services to prove who they are or verify something about themselves. The updated framework published yesterday includes:
- Details on how organisations will become certified against the trust framework in the future, including how the independent assessment will take place. The process will involve bodies accredited by the UK Accreditation Service (UKAS) completing service audits to assess eligibility.
- New guidance on how organisations can work together to create a consistent approach, which delivers a better user experience and reduces the need for burdensome and repetitive verification processes. It outlines how organisations describe data in the same format so other organisations know the method of identity verification used.
- Clearer definitions for the trust framework’s roles so organisations can better understand which applies to their specific service, depending on how they are managing data.
- Refined rules on areas such as how to manage digital identity accounts, where detailed.
See: How Verifiable Digital Identity Will Protect Your Post-Pandemic Privacy
“Whether someone wants to prove who they are when starting a job, moving house or shopping online, they ought to have the tools to do so quickly and securely. We are developing a new digital identity framework so people can confidently verify themselves using modern technology and organisations have the clarity they need to provide these services. This will make life easier and safer for people right across the country and lay the building blocks of our future digital economy.”
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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7 online networking tips for CEOs
MT | Orianna Rosa Royle | Aug 12, 2021
MT Asks: How do you find and maintain a network solely through a screen?
Now that the government has lifted the order to work from home and the summer holidays draw to a close, many firms are eyeing up an office return in September. But as many workers and leaders alike have woken up to how little work-life balance they had prior to the pandemic, the new world of work is looking flexible.
Major firms have made it clear that they will not be demanding that bums are on seats five days a week from 9am to 5pm, with many launching hybrid working policies. As a result, it’s unlikely that people’s “in-office” days will always align and so networking will always require an element of digital know-how. So being able to find and maintain a network through a screen is vital. With that in mind, we asked leaders for the best networking tips they have learnt in the past 16 months of working remotely.
Vicky Matthews, co-founder, Pink Spaghetti
Whichever mediums you choose, whether LinkedIn, Facebook, Clubhouse or Twitter, it’s only going to work if you commit to it. People need to get to know the real you so they can decide if they want to work or connect with you. You have to be active to build relationships: it’s not going to work if you dip in and out half-heartedly. If you’re limited on time, choose the one platform that works best for you and focus on that.
See: 6 lessons on online privacy and digital authentication
Forget the hard sell – think carefully about the benefits you can bring to situations. You don’t have to take part in every discussion or reply to every post by someone you admire. If you’re not contributing something useful, it’s OK to take a back seat. Keep your contributions polite and helpful and people will associate your name with positivity.
Ashley Friedlein, chief executive, Guild
On social media platforms like LinkedIn, which is considered a must for B2B networking, it’s becoming increasingly challenging to cut through the noise and make meaningful connections. Being active, and more importantly ‘useful’ in niche communities is increasingly important when building a network. In these smaller communities of ‘practice, purpose or passion’, there is often more of a focus and a higher level of shared knowledge and expertise.
Personalisation and intimacy aren’t always replicable on larger social media channels. In my experience, being generous, sharing knowledge and advice, demonstrating expertise, connecting ideas and people and showing that you have a passion for what you do ensures you are far more memorable. After all, what is the point of developing a LinkedIn profile with thousands of connections you don't actually know when your time could be spent forging fewer, more valuable relationships?
Vonnie Alexander, executive and team coach
Networking is really one human being connecting with another. You don’t need to be selling something to network. Be curious, open and ready to learn. It is always better to go into a network situation thinking about what you can give rather than gain. People will always remember how you made them feel, and that’s true online as well as offline.
Try: Welcome to FintechCanada.io! Free Listing and Networking Opportunity for Canadian Fintechs
Be intelligent with your LinkedIn networking. If you know someone or have recently met them, request to connect. If you don’t know them but want to, be explicit about why. Avoid random, wordless requests. And if you know people with common ground, introduce them. It’s not about vested interest. Then don’t forget to join in the discussion rather than just observing. Give others a reason to notice and engage with you. Find your voice and use it online. The worst that can happen is that nobody reads it, the best, it resonates with someone.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Can Liquid Avatar end fake COVID vaccine cards?
Liquid Avatar Technologies | Cara Buckspan | Aug 11, 2021
New Technology from Liquid Avatar Provides Digital Verifiable Credentials for Covid-19 Testing
Toronto, Canada - TheNewswire - August 11, 2021 -Liquid Avatar Technologies Inc. (CSE:LQID) / (OTC:LQAVF) / FRA:4T51) / (CNSX:LQID.CN) Liquid Avatar Technologies, a global blockchain, digital identity and fintech solutions company, today announces that the Liquid Avatar Verifiable Credential Ecosystem (“LAVCE”) available as a first Canadian effort, and an early global leader, to provide true blockchain-enabled, W3C compliant, digital identity-verified COVID-19 testing confirmation with Ontario licensed laboratory healthcare verification organization, Vector Laboratories (“Vector Labs”).
See: Liquid Avatar, Lumedic, Loop Insights, The Campus Agency and TripXpertz Form Consortium to Manage Verifiable Identity Credentials for COVID-19 Vaccinations
LAVCE enables people to share the results of a COVID test in a way that preserves their privacy and prevents fraud. The LAVCE platform can be integrated with healthcare facilities, testing labs, government agencies, schools, sports arenas, transportation, trade shows, and workplaces to confirm health status and assist efforts to reduce new outbreaks.
“We all need to find a safe way through the pandemic together,” said David Lucatch, CEO—Liquid Avatar Technologies Inc., “one that works for people by respecting their privacy, and one that works for government, healthcare, and business by providing the trust and certainty that a test result or vaccination is valid.”
“Decentralized identity is the safest way forward for proving any kind of test result: It’s easy to implement, easy to use, and flexible to accommodate any situation, including the need for repeated testing and updated standards and rules,” said Lucatch, “It’s also a privacy and security gamechanger, because there’s no need for a third party to access private health data to prove a test result is valid and from a trusted source. That’s huge. That solves the compliance problem"
We have worked diligently to develop this solution with licensed health care testing laboratories, companies, partners, and organizations that are at the forefront of the data privacy revolution, and we’re excited to be the first to give Canadians a technology that will serve their needs and help to support people getting back to their normal lives and beyond.”
While this solution has a wide range of commercial, government and healthcare applications, Liquid Avatar Technologies is first launching this initiative in partnership with Vector Labs, a leading health verification organization. LAVCE will use Vector Labs’ flagship product, Vector Perimeter System, to deliver state-of-the-art technologies that enable people to monitor their health in real time, and digital identity software co-developed with Indicio.tech, a global leader in decentralized identity networks and software.
See: How Verifiable Digital Identity Will Protect Your Post-Pandemic Privacy
LAVCE will provide people with digitally verifiable COVID test credentials that they use to prove their test results as needed to travel, enter facilities, and even support vaccination credentials. These are kept secure and safe through facial recognition and other future biometric controls inside a downloadable digital wallet app.
LAVCE’s verifiable credentials will be supported by the Indicio Network, a global blockchain network for decentralized identity services, of which Liquid Avatar Technologies is a founding member. This technology can also provide a template for managing vaccination records and it aligns with the Good Health Pass initiative, which Liquid Avatar Technologies is also a member, to provide common standards for interoperability across different jurisdictions.
“Vector Labs is committed to supporting all levels of government and industry for the healthy return to everyday activities,” said Rob Godfrey, President and CEO of Vector Labs.
“Working with Liquid Avatar Technologies and the implementation of digital wallets and verifiable credentials for COVID-19 through the LAVCE enables Vector Labs to support public safety, trust and privacy.”
“Liquid Avatar’s position as a driver of technology innovation and Vector Health’s leadership makes them a natural partner for us,” said Heather Dahl, Indicio’s CEO. “We share a vision that is rooted in the ‘build’ philosophy. All of our companies believe strongly that this deployment of a verifiable credential ecosystem will deliver immediate support to those businesses and communities recovering from the pandemic while helping keep people safe.”
Both Liquid Avatar Technologies and Indicio are founding and steering committee members of Cardea, a Linux Foundation Public Health initiative to promote secure, privacy-preserving sharing of health status data in an interoperable way. By adhering to standard schemas and protocols, it allows those using the LAVCE to present health status credentials to those organizations around the world who also support Cardea and its partners.
For health credential holders, the Company offers users its unique mobile app for users to create their own digital wallet, and to manage and control their personal data at no cost. Through a simple but rigorous process that includes biometric and traditional identity validation solutions, users can access a verifiable credential issued to them and use credentials for a host of activities. The Liquid Avatar Mobile App launched in February 2020 and based on user feedback, an updated version of the Liquid Avatar mobile app is in development and is expected to launch in September.
See: Liquid Avatar Joins Linux Foundation Public Health Cardea Project
For credential issuers and verifiers, the LAVCE platform is available via a cost-effective SaaS subscription, creating an affordable and easy way to implement solutions to support the issuance and verification of digital health and other verifiable credentials. The Company is in discussion with a wide range of organizations about possible future implementations.
To encourage future adoption, Liquid Avatar will also offer a software development kit (SDK) for both iOS and Android that can be embedded in, and power apps corporate and government portals, and other solutions to make it possible for all types of organizations to support digital wallets and verifiable credentials easily and effectively.
“In many ways, the idea of decentralized identity is very socially responsible,” said Lucatch. It’s about coming together as a community to solve common problems in a commonsense way that respects everyone. It’s about consent, fairness, privacy, and protection. We’re proud to part of emerging solutions that supports the great work done by government, industry, the scientific community, healthcare and frontline workers as we are challenged by a changing health environment.”
View: original release
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Podcast: Requirements for a fully functional CBDC
OMFIF | Aug 3, 2021
Charles Kerrigan, partner at CMS Law, and Seokgu Yun, founder and chief executive officer of Sovereign Wallet Network, join John Orchard, CEO of OMFIF, to discuss privacy concerns associated with central bank digital currencies, how policy-makers can address these and the challenges of launching a CDBC. As well as this, they share their perspectives about the underlying technology and set of features necessary for programmable money, an idea gaining momentum but which is often misunderstood. They also touch on the most significant trade-offs between design choices and briefly discuss how to build a CBDC that can adapt to future needs.
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Other links:
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BIS Research: CBDCs beyond borders: results from a survey of central banks
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The Good, the Bad and the Ugly of Central Bank Digital Coins (CBDCs)
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FFCON21: May 13 Central Bank Digital Currencies CBDCs - The Future of Money
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Liquid Avatar Commends Ontario’s Vaccination Efforts and Updates the Liquid Avatar Verifiable Credentials Ecosystem to Support Digital COVID-19 Testing and Vaccine Records
Liquid Avatar | Cara Buckspan | Jul 19, 2021
Toronto, Canada -TheNewswire - July 19, 2021 –Liquid Avatar Technologies Inc. (CNSX:LQID.CN)(OTCQB:LQAVF)(FRA:4T51) (“Liquid Avatar Technologies” or the “Company”), a global blockchain, digital identity, and fintech solutions company today acknowledges recent media reports on the status of the Ontario government’s decision-making process for issuing a digital COVID-19 vaccine credential. While several European nations have adopted the use of a vaccine ‘passport’, the Company respects the current position of the Premier of Ontario. The Company believes that a digital verifiable testing and vaccine credential would be used by businesses and the public to support the efforts of a safer re-opening and acceleration of the economy.
In commending the Ontario government’s overall vaccine efforts, the Company supports calls for the introduction, where applicable, of digital credentials - rather than paper proof or emails that could be possibly altered - that will support continuous COVID-19 testing and vaccination verification. Private sector solutions, like those from Liquid Avatar, are currently available, and in late-stage development. These solutions are being released, not to create a “split-society”, but to assist governments, public and private entities to continue to provide safer and more secure environments in which to travel, work, learn and conduct everyday activities.
See: COVID-19: Making the case for robust digital financial infrastructure
“First and foremost, we want to acknowledge and applaud each level of government for their leadership in rolling out their respective COVID-19 vaccine programs. Ontario is now a leader in administering one-dose vaccines at almost 80% and two-dose vaccine treatments at over 60%, and this will undoubtedly be a principal factor in the efforts to support the economy returning to normal,” said David Lucatch, President, CEO and Chair of Liquid Avatar Technologies Inc.
In acknowledging the province’s vaccine rollout efforts, the company also echoed public statements made by business groups like the Toronto Region Board of Trade (TRBOT), calling for government to explore a vaccine ‘passport’ system. TRBOT, which speaks for thousands of businesses in the province, has claimed that negative testing and vaccination passports are “the only way to safely reopen larger events like business conferences and will help revive tourism.”
“It is not surprising that these groups want to see government help ensure that the people who enter non-essential businesses are vaccinated against COVID-19 and are supported in many cases by negative testing validation. With new strains, like the Delta variant, it may be just as important to add testing regimes to the digital credentials outlook, as we’ve seen that those who are vaccinated, could also be infected. The issue is one of liability and safety, as European countries like France and other jurisdictions have acknowledged by making passports a part of everyday life,” said Lucatch.
In Quebec, the government has announced the implementation of a QR-code system for use as a vaccine passport. The Company believes that by enhancing this type of system with digital identity and verifiable credentials, the process could be more secure and safer in the long run and support other identity, access, and qualification credentials as provinces like Ontario and British Columbia rollout their digital initiatives.
Liquid Avatar has developed and has started testing its state-of-the-art digital identity tools and solutions. Included in these is the Liquid Avatar Verifiable Credentials Ecosystem (“LAVCE”) that can potentially easily, efficiently, and affordably meet the needs of government, the business community, and frontline healthcare institutions as they adapt to a potential environment where healthcare testing and vaccine passports are essential. The Liquid Avatar Mobile app leverages biometric and blockchain identification technology and is currently available to download from the Apple App Store and on Google Play with digital credentials and wallet testing underway.
See: How Verifiable Digital Identity Will Protect Your Post-Pandemic Privacy
The Company is expecting to make further announcements on product delivery in the coming weeks that are aligned with its initiatives as a founding and steering committee of Cardea, a Linux Foundation Public Health project and as part of the Indicio Network. The Company is also a voting and steering committee member of the Trust over IP Foundation, supporting open standards in the development of Internet-scale trust, a member of the Good Health Pass collaborative, ID2020, Lumedic Exchange and the DIACC. As previously described in Company filings, the LAVCE contemplates state-of-the-art infrastructure that would be available for the holder, the issuer, and the verifier in ‘turn-key’ digital credentials solutions and that would support the introduction of COVID-19 testing and vaccine ‘passports’, education, access, qualification, and a host of other digital credentials powered by blockchain and identity technology.
“With the types of solutions being developed in the marketplace, governments, institutions, businesses and consumers are becoming increasingly aware that delivering a safe and secure digital vaccine passport system is an effective solution to the challenge of a broad reopening of the economy,” concluded Lucatch. “We have been encouraged by our conversations with partners in Canada and abroad to date and look forward to having future interactions on augmenting government’s successful health testing and vaccine programs with a re-opening plan that incorporates systems that support initiatives like globally recognized digital passports and other verifiable credentials.”
As part of the process of inclusion, the LAVCE is being built to support approaches that will allow users that do not have access to digital identity technologies to be able to participate via alternative methodologies to prove their credentials.
If you would like to join our mailing list and receive updates from the Company, please click here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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