Banks have opportunity to plug digital identity gap in metaverse
Banks and financial services institutions have opportunities to manage digital identities in the metaverse, potentially tapping modern cryptography to do so. They should, however, ensure they are prepared to manage the risks that come with adopting any new technology.
There had yet to emerge an effective way to implement general-purpose digital identity and without which, the metaverse could not function. This currently was the missing ingredient in the equation, said advisor on digital financial services David G.W. Birch, who was speaking at Huawei's Intelligent Finance Summit 2022 held this week in Singapore. While physical things could be repurposed--via tokens--and exist in virtual worlds, there needed to be an effective way to manage social identities and credentials.
Source
https://t.me/NFTs_Metaverse_Coins
