This week’s roundup of Mobile ID World’s top stories features a diverse mix of topics, with a couple of stories looking toward technologies of the future, and a couple of others focused on the youth of the present.
Looking ahead, many in the financial sector see a big role in the future for Central Bank Digital Currencies. IDEMIA and ConsenSys are looking to get ahead of that trend through a collaboration on a new Secure Offline CBDC Payment Solution. Built on the Ethereum blockchain, the solution is aimed at ensuing that end users will be able to conduct CBDC transactions without necessarily using a smartphone:
There’s always a lot of interest in what lies ahead in Apple’s future, too. So readers flocked this week to a story about an Apple patent detailing a highly versatile “wearable loop with embedded circuitry” that could form the basis for a range of device form factors – everything from a smart bracelet to an Augmented Reality headset:
As for today’s youth, a growing number of college students are gaining access to mobile ID solutions for use on campus. This week’s news on the topic came by way of Illinois’ Benedictine University, which asked Transact to develop a digital version of its BCard for students. The new mobile ID solution will enable mobile access control and even payments in cafeterias and stores on campus:
Keeping focus on Gen Z, this week also brought to light some interesting survey data about the age group’s attitudes toward privacy online. On the one hand, Gen Z individuals responding to a poll commissioned by ExpressVPN showed a strong awareness of the privacy and security risks online, with majorities saying they are wary of sharing Personally Identifiable Information (PII) on their social media accounts and asserting that they use advanced security practices like 2FA. But they also indicated a willingness to trade privacy for social media clout and fame:
Speaking of strong online security, Mobile ID World readers also showed strong interest this week in the news that passwordless authentication startup Stytch had closed a $90 million Series B funding round. More intriguingly, the funding was announced alongside Stytch’s acquisition of another passwordless authentication startup called Cotter:
Keep reading Mobile ID World for the latest news from the world of digital identity. You can also visit our sibling site FindBiometrics to learn more about biometrics.