If we solve a problem, the market Tchainization: Blackrock CEO

Larry Fink’s Vision – CEO BroncrocThe world’s largest money manager – becomes a reality, all assets from stocks can be sold in real estate and more, more, online, one blockchain.

“Each active – Tokentation”, “Finick wrote at the end Annual letter to investors.

Unlike traditional paper certificates expressing financial property, the Tokens live in a blockbox, allow immediate purchases, selling or waiting – “as a digital deed.”

FINK says a “revolution” for investment will not happen short. Imagine the 24-hour market and trade settlement process, a period of time this day, in a period of time, with billions of dollars.

But there is a big problem, a technology problem standing on the road: the lack of a connected digital identity check system.

Technology experts say that Fork says that the idea is not incredible, it is acknowledging that there are problems with cyberem against progress in recruiting.

Checking active owners in the AI ​​deep fake world

Today, the executive director of a person you have contacted with him, the Executive Director of the AI ​​Deep Technology Union, the executive director of an organization aimed at the EI depths and complex cyber criminals is not easy. As a result, it would be useful to have a unified inspection system, because people would have cryptographic approval.

“The (Financial Services) Industry is directed to how zero-confidence frame for the identity. You do not trust anything unless it is approved,” Hulka said. “The challenge is to use this technology to use this technology, which makes it as simple as possible and as possible,” he said.

The extensive-based digital inspection system will work clearly, but to support a complete tiley financial structure, especially those complying with customer rules and dirty money laundering rules, Customer Rules, Point Wild, Point Wild, Point Wild

At the same time, the system should be low friction and quick. Ramzan, today, especially from the cryptography area, there is no lack of technical means to the extent that it can effectively connect digital identity for an operation. “Fifteen years ago this conversation would not be the beginning,” he said.

According to Ramzan, there were some success in the world with such programs all over the world. India’s Aadhaar system is an instance of digital identity framework on a national scale. This allows the majority of the population to confirm transactions through mobile devices and combined between both the state and private services. Estonia has an e-id system that allows citizens to do anything to vote online from banking. Singapore and UAE, mobile infrastructure and digital services have also implemented strong national identity programs. “When these systems solve problems such as privacy, all share the main signs: standardization and centralized government leadership,” said Ramzan.

Centralized personal data is a great target for cybercriminals

When a centralized system solves a problem, the maintenance of information and biometric data and biometric data is a security risk, David Mattei, David Mattei, a strategic adviser in Datos concepts working with insurance and retail technology companies.

It should be noted that there is information about the information stolen from India’s Aadhaar system. Last year, El Salvador government had 80% of the citizens stolen from a centralized and controlled civilian identity system. “Many security experts do not have a centralized security system, because at the end of the rainbow, each cheater is trying to get his hands,” Mattei said.

In the United States, there is a long-lasting advantage for centralized systems for identity. On mobile devices, facial id and fingerprint identifier, all this information is carried out by keeping data in a valid module on every mobile device, not by centering anywhere in Apple or Google. “If this is not impossible, this is not possible to steal the information,” Mattei said.

Digital Driver’s licenses offer a careful tale

It will require an important effort to come with a national identity system used for identification checking.

In the United States, the identity systems have been divided today, Ramzan and Ramzan, the example of vehicles, he said. “We will need an employee to better coordinate identity either in state and federal levels,” he said.

This is not an easy task. For example, the efforts of many countries are trying to accept digital driver licenses. Today, including the quarter, including Utah, Maryland, Virginia and New York, mobile driver’s licenses, mobile drive licenses Welding online From a safe technology union. Pilot programs in other states have valid, legislation or study the issue. However, this commitment is very ambitious and has been going on for several years.

To implement a national identity inspection system, “Every company that works online to adopt a government standard for identity inspection and identification and identification can be accepted only one government standard,” Mattei said.

Competitive forces are another issue to fight. “A centralized system for fear of getting out is the ecosystem of sellers who offer unwanted identity inspection and identification solutions,” said Mattei.

Important information to overcome also has confidentiality barriers. States and federal government should coordinate to resolve management issues, and this can ask for concerns that the “older brotherhood” can watch the activities of the federal government.

Ramzan said that something that many people look like “a little allergic reaction”.

Fink pushes seconds to look at the issue

The idea is not a new brand for Fink. In Davos earlier this year, Asked for the box to CNBC “Expanding the timing of shares and bonds.”

In the workplace, there are many savings and finkers, saving potential costs according to the firm. In recent years, Blackrock has dragged political battles and court lawsuits related to the voting of a massive shares of the mass shares in the ESG issues. “We will no longer vote for a proxy voting about the CNBC in Davos in Davos,” said Davos in BlackRock. “

“Each owner would be aware of the voting,” he said, “he reduces the value of the ownership of shares and bonds.

It is clear that this issue is clear in the annual letter to provide outstanding placement – even if the issues covered by both are third in order Protectionism policy and The role of growing special markets – Since he does not allow. It is a new digital identity inspection system what is necessary to turn it into reality. The letter is short and darkened in the details, but at least on the surface, the solution for the fink is clear. “If we are seriously approaching an effective and accessible financial system, the championship is not enough. We must also resolve the digital inspection,” he said.

Blockchain continues to grow and people learn to understand this better. Therefore, there are initiatives to think about how the United States can achieve a broad-based identity inspection system. There are technical roads for this, but to find the right path in the country, it is more difficult than you should interact. “The goal is to reach a point where there is a way to check the identity in more than one service,” he said.

Finally, a business emperor for the financial services industry will be a blocking point. “The question is, of course, when.”