Private Sector Economic Impacts from Identification Systems
Identification systems are a core component of sustainable development policies in countries with diverse economic, demographic, and political contexts. The role of digital identification systems in the private sector is equally large. The efficien...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/219201522848336907/Private-Sector-Economic-Impacts-from-Identification-Systems http://hdl.handle.net/10986/31828 |
| Summary: | Identification systems are a core
component of sustainable development policies in countries
with diverse economic, demographic, and political contexts.
The role of digital identification systems in the private
sector is equally large. The efficient, accurate, and secure
use of personal identity data is at the heart of most
transactions, regardless of the industry in which they take
place. The implementation of robust and inclusive
identification systems at the national level offers the
potential for large financial gains for private sector
companies. As a companion piece to the World Bank’s
identification for development (ID4D) work on fiscal savings
for government agencies, this paper provides a first step
toward developing a greater understanding of the financial
benefits of identification systems for the private sector.
By developing a framework for cost savings and revenue
generation opportunities and aggregating existing case
studies, it provides a preliminary assessment of expected
benefits of government-backed identification systems for
firms across a variety of industries. This paper is
therefore intended to serve as a resource for governments
and donors looking to gauge the potential impacts of
implementing an identification system and for private sector
leaders and industry groups to fruitfully engage on
identity-related issues. |
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