The FIDO (Fast IDentity Online) Alliance has announced a new initiative designed to accelerate the adoption of verifiable digital credentials and identity wallets. Its undertaking hopes to let technology organisations build a trust-based ecosystem for digital identities, helping move the industry beyond the fragmented and sometimes incompatible solutions currently prevalent. Its initiative will provide a framework for best practice.
The initiative arrives at a time when governments and large businesses worldwide are focused on providing (and increasingly, insisting on) digital identities, such as the increased momentum behind the European Digital Identity Wallet, which will be required to do business online by EU and EU-trading businesses next year. The need for secure and interoperable digital credentials is apparent, therefore, driven by a need for greater convenience, better security, and the ability to access services (especially public sector providers) and verify identity online.
“The FIDO Alliance united the industry to solve the password problem, and the world is now embracing the simplicity and security of passkeys – with billions of accounts now benefiting from this significant shift in user authentication,” said Andrew Shikiar, CEO of FIDO Alliance.
