13th March 2024 Digital Bytes

The future of digital identity and wallets in blockchain technology - in response to escalating cyber threats and concerns over data control, there is a global push for robust digital identity solutions. Blockchain technology offers decentralized and secure alternatives so empowering users with greater data control whilst ensuring stringent security standards. Looking ahead, digital wallets are evolving beyond financial transactions, integrating IoT, AI and biometric authentication. Ultimately, blockchain-powered digital wallets are becoming indispensable for managing digital identities and assets, reshaping our digital landscape with heightened security and efficiency.

Payments are changing as settlement times reduce - the paradigm shift towards T0 settlements, blockchain technology and digital payments is potentially set to radically shake up the financial landscape. In the US, transitioning from T2 to T1 settlements poses challenges and opportunities, enhancing market integrity whil…