đ World Economic Forum-Backed Digital ID App Taps Hedera (HBAR) Network
A WEF-linked digital identity application is reportedly building on the HBAR Network, aiming to provide verifiable legal IDs to under-represented populations globally.
Here's the breakdown: Digital identity on blockchain could solve real problems billions of people lack official ID, blocking them from banking, healthcare, and legal systems. Using Hedera's fast, low-cost network makes sense technically. BUT, the WEF connection raises immediate red flags for crypto purists who fear centralized control disguised as humanitarian tech.
The core question: Is this genuine financial inclusion, or a Trojan horse for surveillance infrastructure? When powerful institutions back blockchain ID systems, who controls the data, and can it be weaponized? HBAR might get adoption, but at what cost to privacy? đ€
Source: DailyCoin
#hedera #DigitalID #Privacy #BinanceSquare #CryptoNews
