Catalyzing Inclusive Economic Growth Through Identity
In an era where distrust in institutions is escalating, eroding the very fabric of social cohesion and democracy, the adoption of reusable digital identities emerges as a beacon of hope. The Incode Identity Network is not just a technological breakthrough; it’s a pivotal move toward rebuilding trust between businesses, governments, and citizens. This is the cornerstone of creating safe, economically inclusive, and prosperous civil societies.
Insights from the World Economic Forum
In our increasingly digital world, the concept of identity has transcended beyond mere physical recognition. As highlighted by the World Economic Forum, having a trusted, verifiable identity is not just a convenience but a necessity. In an age where digital interactions are skyrocketing, partially accelerated by the COVID-19 crisis, the way our identities are shared online presents a blend of opportunities and risks.
The World Economic Forum underscores the immense potential of well-designed digital identities. By 2030, digital identities could contribute economic value equivalent to up to 13% of GDP in some countries. They could also revolutionize e-government, saving hundreds of billions of hours through streamlined processes. Moreover, for businesses, the adoption of digital identities could slice trillions of dollars in costs.
However, the current landscape of digital identity is far from reaching its full potential. Approximately one billion people lack official proof of identity, and over three billion are unable to effectively utilize their identity on digital platforms. This gap highlights a crucial need for collaborative and user-centric digital identity models, guided by shared principles. Such models have the power to empower individuals, enabling them to navigate the digital world with confidence and security.
A Gateway to Opportunities
The Incode Identity Network is a game-changer, unlocking immense economic value and promoting inclusive access to critical resources like education, healthcare, and labor markets. As per McKinsey Global Institute, digital identities are vital in driving economic and social inclusion. Incode stands at the forefront of this revolution, transforming how identities are verified and managed.
Building Trust, One Verification at a Time
Incode is redefining institutional trust with secure, reliable, and compliant identity verifications for online interactions across personal, economic, and social spheres. The network’s capacity to facilitate transparent access to essential public services while reducing bureaucracy ensures that benefits reach their intended beneficiaries effectively.
Empowering Economic Participation
Incode’s Identity Network is crucial in fostering full societal participation in the economy. Improving access to jobs and reducing fraud across public and private networks, translates to a significantly reduced cost of doing business. This inclusive approach is not just about technology; it’s about empowering people.
Strengthening Democracy and Civic Engagement
The network also powers civic engagement, allowing citizens to engage more easily in democratic processes such as voting. It significantly reduces the risk of identity-related exclusion, especially for vulnerable populations, thereby upholding the integrity of democratic institutions.
A Global Impact
Incode’s Identity Network is a trusted layer that fosters civil societies globally, enabling inclusive economic opportunities and engagement in democratic processes. With government partners across the USA, Mexico, Colombia, Brazil, India, Australia, Chile, South Africa, Argentina, Peru, and Indonesia, Incode is making a global impact.
How It Works: The Incode Advantage
Incode’s process is as innovative as its impact. The process is privacy-centric, with no exchange of personally identifiable information (PII), ensuring user control over their data.
- Document Verification and Liveness Check: The initial phase of Incode’s identity verification process involves a meticulous assessment of the document presented by the user. This step is twofold:
Document Authenticity Verification: Here, Incode scrutinizes the document to ascertain its genuineness. This involves checking for the document’s authenticity, ensuring it’s not a fraudulent reproduction. This could include validating security features, watermarks, or other unique identifiers that confirm the document is real and valid.
Face Recognition and Passive Liveness Check: Simultaneously, Incode utilizes advanced facial recognition technology combined with a passive liveness check. This is a critical component to confirm that the individual presenting the document is indeed the rightful owner. The liveness check is designed to verify that the person in front of the camera is a real, live human being and not a digital replication, photograph, or sophisticated deepfake. This is accomplished through subtle analysis of facial characteristics, movements, and other indicators that differentiate a live person from a static image or digital impersonation.
The successful completion of this first step is pivotal in maintaining the integrity of the entire verification process. By rigorously authenticating the document and confirming the physical presence of a live individual, Incode sets a robust foundation for accurate and secure identity verification. This ensures that subsequent steps in the process are built on a verified and trustworthy starting point, reinforcing the reliability of the entire system.
- Session Vector Creation: Once the document’s authenticity is confirmed, Incode creates a unique ‘session vector.’ This is a sophisticated digital representation, capturing the essential biometric and document data in a secure, encrypted format. This vector is crucial for the identity verification process, serving as a baseline for comparison.
- State of Record (SoR) Vector Creation: Parallel to the session vector, Incode generates a ‘State of Record (SoR) vector’ from the state biometric database. This vector represents the official, government-verified identity of the individual, ensuring a reliable and authoritative source for comparison.
- Comparing the Two Vectors: The core of Incode’s verification process lies in the comparison of the session vector with the SoR vector. This step is executed with precision and accuracy, utilizing advanced algorithms to analyze and match biometric data.
- Match Determination: After the comparison, the system determines whether there is a match. This is a critical point where Incode’s technology assesses the congruence between the presented identity and the official records, ensuring that the individual is who they claim to be.
- Match/No Match Response: Finally, Incode provides a clear, definitive response – either a ‘Match’ or ‘No Match.’ This response is the culmination of the verification process, offering clients assurance about the individual’s identity.
This comprehensive process, characterized by its precision and focus on security, places Incode at the forefront of identity verification technology. By employing these meticulous steps, Incode not only ensures the highest standards of identity verification but also contributes to building a safer and more trustworthy digital environment.
Real-world Applications and Achievements
From exceptional fraud detection for the largest neobank in the U.S. to facilitating state elections and political party nominations using biometric technology, Incode’s achievements are a testament to its effectiveness. Our technology secures events, such as sporting events in Mexico, using face biometric ticketing technology.
The Future is Here: Incode’s Vision of Trust and Identity
Our vision extends beyond the current achievements. It is shaping a world where identity verification is not just secure and efficient but also inclusive and empowering. The future we envision is one where every individual can participate in the digital economy with confidence, backed by a trustworthy and seamless identity verification process.
Join the Revolution in Identity Verification
Incode invites you to be part of this transformative journey. Whether you’re a business looking to enhance security and trust in your operations, a government entity aiming to streamline public services, or an individual seeking a more inclusive and fair digital world, Incode’s Identity Network is the key to unlocking these possibilities.
Incode’s journey is not just about technology; it’s a movement towards a more trustful, inclusive, and empowered society. As we embrace digital identities, we open the doors to a world where trust is the norm, and every individual has the opportunity to thrive in a connected, digital economy. Join Incode in this revolution, where identity is verified and valued.