Apr 7, 2021 in Member Spotlights by DIACC

Spotlight one37 Solutions

1.What is the mission and vision of one37 Solutions?

Our mission is to unlock the potential of the universal identity with privacy, security and trust, one experience at time.

Our vision is to deliver unparalleled personalized user experience built on decentralized secure identity platform.

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

The economic costs of the fragmented identity systems across various channels and businesses, the weak identity systems resulting in identity theft, SIM swaps and account takeovers, and increased corporate liability due to data breaches and regulatory non-compliance are skyrocketing and taxing in both existing and emerging markets.

The implementation of trustworthy digital identity systems will have exponential effects on the market growth and efficiency by streamlining and simplifying daily processes between citizens, governments and service providers in existing markets looking for efficiency and in emerging markets looking to close their digital gap and gaining security and speed of implementation.

At the onset, the rollout of decentralized identity systems seems both timely and significant. However, considering the various challenges that the global industries such as travel and healthcare have been currently facing in the form of security threats, adherence to health norms or regulatory compliances, there is a digital race to incorporate all of the above through a single trust platform while also ensuring a truly seamless experience. Thus, to stay competitive and build customer loyalty, there needs to be a paradigm shift in the way new advancements in technologies can be incorporated to balance such rising risk and opportunity demands.

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

A trusted digital identity will have a major impact on the Canadian and world economies by adding tremendous value to a country GDP. The speed of trust will have ripple effects on every aspect of the economy.

one37 provides a state-of-the-art, safe and secure decentralized identity platform for identity verification in verticals such as travel and health. We are working with our partners and service providers to improve the daily lives of citizens in various scenarios such as “Contactless & Touchless Travel” and facilitate the seamless interactions between travelers and service providers along their journey while ensuring user authenticity, data integrity, compliance and governance for all relevant stakeholders within an ecosystem.

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

Canada is the world leader in digital identity and the protection of privacy and personal information. By championing the implementation of a decentralized identity technology across the public and private sectors, Canada will provide the role model for the decentralized identity implementation across the world and foster unprecedented growth in the digital identity economy. Canada is in a unique position to shape the future of travel, healthcare, banking and governmental services with monumental implications on both the governmental and corporate sectors worldwide.

5. Why did your organization join the DIACC?

To  participate in the on-going discussions and the valuable work that DIACC is spearheading in digital identity and the implementation of the PCTF and be able to add value, work with other companies and partners and contribute in return to the growth of the identity economy.

6. What else should we know about your organization?

Every one37 team member is a strong believer in the deep impact that the decentralized universal identity will have on improving the life of every Canadian and world citizen and we are committed to working with our partners to add tremendous value one experience at a time.