Seriously Risky Business Newsletter
August 22, 2024
Australia's National ID System Will Be Awful... And Then Great
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Policy & Intelligence
The Australian Government plans to build a digital trust and identity infrastructure spanning the entire economy. The initiative aims to fill a real need as there is no robust way to prove your real-world identity online, despite it being a common and important requirement.
The Minister for Government Services, Bill Shorten, announced the Trust Exchange or TEx initiative last week. The unstated/apparent hope for the TEx is that it becomes the standard for Australians to prove their identity and confirm personal attributes across government and the private sector. Part of the intent of TEx is that robust verification is done with less sharing of personal information.
"TEx would take all the hassle out of finding dozens of documents to prove who you are when you're doing things like setting up a bank account or buying a mobile phone or even trying to rent a property", Shorten said. "TEx will connect the bank or telco or real estate agent with your digital wallet and you then consent to share only the identity attributes or credentials you choose to."