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October 31, 2023

EMURGO Africa 2023 Q3 Report: Effect of Digital ID and Role of Decentralized ID (DID) in African

EMURGO Africa 2023 Q3 Report: Effect of Digital ID and Role of Decentralized ID (DID) in African

EMURGO Africa 2023 Q3 Report is finally out! 🎉✨

In this report, we explore the effects of digital ID and the critical role of decentralized ID (DID) solutions in Africa.

Check out the table of contents below ☝🏾🤓⤵️

🍀

Ch.1 Executive Summary
Ch.2 Effect of Digital ID and Digital ID Initiatives by Country
2.1 Effects of Digital ID Implementation
2.2 Digital ID Initiatives by Country
Column. The Worldcoin Wave in Africa
Ch.3 Decentralized ID (DID) Solutions
3.1 What DID Means and How It Works
3.2 Examples of DID Solutions
Interview 1: Exploring the Power of Decentralized ID with David Harding, General Manager of Atala PRISM at IOHK
Ch. 4 Digital ID and DID Projects in Africa
4.1 Major Telecom Companies
4.2 Startup Companies
4.3 International Organizations and NPOs
Interview 2: Lohan Spies, Founder and CEO of DIDx, Discusses the Empowerment Enabled by Decentralized ID and Its Impact in Africa
Ch.5 EMURGO Africa Updates
5.1 About EMURGO Africa
5.2 EMURGO Africa 2023 Q3 News
5.3 EMURGO Africa Reports & Newsletters
5.4 EMURGO Africa Portfolio

You can download the full report from here 👇🏾😌🌸

EA 2023 Q3 Report - Effect of Digital ID and Role of DID in Africa

🌸Summary🌸

Chapter 2 outlines the effects of Digital IDs from financial inclusion to streamlined government services. We emphasize the need for careful implementation, prioritizing security, privacy, and inclusivity. This section also highlights Digital ID initiatives by African governments, supported by international programs like the World Bank's ID4D initiative. We provide an overview of these initiatives in countries such as Benin, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Nigeria, and Uganda.

Chapter 3 introduces the concept of Decentralized ID (DID) and its three identity models: centralized, federated, and self-sovereign identity (SSI). We offer examples, mechanisms, and pros and cons of each model. Additionally, we delve into SSI models, demonstrating their practical use cases and components of trust diamond: verifiable credentials (VC), holders, issuers, and verifiers of each use case.

Chapter 4 examines key players in the Digital ID landscape in Africa. We spotlight major telecom companies like MTN, Safaricom, Orange, Vodacom, and Airtel, emphasizing their roles in facilitating digital identity through mobile services. We also introduce African startup companies employing emerging technologies to create secure and inclusive digital ID solutions. International organizations and NPOs also play a vital role in bridging technology adoption and social inclusion.

In Chapter 5, we present updates from EMURGO Africa, showcasing our latest news for Q3 2023, our Reports & Newsletter, along with our portfolio companies.

A column sheds light on the global digital identity and currency project, Worldcoin. It is very insightful to know its ambitious aim to revolutionize the global identity and financial system and what happened in Africa.

Additionally, two interviews are featured: one with David Harding, General Manager of Atala PRISM at IOHK, and the other with Lohan Spies, Founder and CEO of DIDx. These discussions explore the potential and applications of DID in various domains, emphasizing its empowering impact in low-income countries.

To read the full report, you can download the report from here 👇😌🌸 We hope you enjoy the report‼️ Thank you🙏🏾✨🦒🦒🦒

EA 2023 Q3 Report - Effect of Digital ID and Role of DID in Africa

Follow EMURGO Africa for more information

EMURGO Africa invests and supports local Web3 projects in the region to adopt Cardano’s decentralized blockchain technology to build socially impactful solutions.

As a regional entity of EMURGO, the official commercial arm of Cardano, EMURGO Africa also runs a local Cardano accelerator in Africa, Adaverse, which accepts applications year-round.

For more up-to-date information on EMURGO Africa, follow the official channels listed below.

About EMURGO Africa

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