In December, Mastercard announced that it was working to develop an international digital identity scheme which could be used as a flexible verifier for financial transactions, government interactions, or online services. The idea of a secure, decentralized, universal ID has become a sort of holy grail in the age of rapid digital interactions and rampant identity fraud.
Mastercard’s initial announcement was met with some skepticism from privacy-minded observers. Now, the company is releasing more details in a new 24-page report on how its platform will be set up and what the tool will offer. But you still can’t try it yet.