Daily Archives: Jul 18, 2019

Spotlight on 100101075 Tech Inc.

  1. What is the mission and vision of 100101075 Tech Inc.? 

Our vision is to create a world where everyone is able to conduct the business they need to conduct, safely, in a digital environment. To that end, our mission is to create an encrypted communication tool that will allow users to identify the human beings they are interacting with, “meet” with those people, and sign all forms of documents, including affidavits, statutory declarations, land title documents and wills, digitally. 

2. Why is trustworthy digital identity critical for existing and emerging markets? 

It sounds obvious, and maybe a little trite, to say that existing and emerging markets require a trustworthy digital identity, but it is absolutely true. For example, lawyers are currently unable to meet with their clients virtually to confirm their identity and sign most documents. Without a trusted digital identity, large segments of our society will simply not be able to participate in the digital economy. 

3. How will digital identity transform the Canadian and global economy? How does 100101075 Tech Inc. address challenges associated with this transformation? 

The initial use case for our platform will be people in the legal ecosystem, such as lawyers, banks and title insurance companies. This is an area that is desperate for disruptive innovation but there are significant barriers preventing that innovation from happening. Our platform will fundamentally change how people in the legal system interact, allow us to do a better job of preventing fraud and also improve the level of service we are providing to our clients. 

4. What role does Canada have to play as a leader in the space? 

We believe that Canada can be a world leader in the digital identity space. However, all segments of our society will need to work together to create the systemic change that needs to occur. 

5. Why did 100101075 Tech Inc. join the DIACC? 

We have joined the DIACC to connect with leaders in the digital identity space, learn about the work they are doing and hopefully contribute to the creation of a trusted digital identity framework. 

6. What else should we know about 100101075 Tech Inc.? 

We are currently conducting a pilot project with the Law Society of Alberta to test our communication tool and that pilot is set to start in July 2019. We currently have 50 entities, including law firms, law societies across Canada, lenders, title insurance companies and insurance companies participating in the pilot as observers and we would welcome any DIACC member who has an interest in this pilot project to participate as an observer.

DIACC Industry Insights: Digital ID in Financial Services

What is Digital ID and how does it impact key industries and their customers?

This ‘mini white paper’ is the first in a four-part series prepared by DIACC, highlighting the potential impact that digital ID could have on key sectors of the Canadian (and global) economy.  

The focus of this first paper is the financial services industry. Find out what you need to know about the need for improving security, simplifying transactions and improving efficiencies, and how this will impact key industry stakeholders.

Read the full paper: DIACC Industry Insights: Digital ID in Financial Services

Industry-Insights-Digital-ID-in-Financial-Services-July-2019