The current online identity verification system is disjointed, with each platform managing identity verification separately, leading to inefficiencies and user frustration. Regulations in places like Utah, Texas, and the UK are demanding stricter compliance, further complicating the landscape. Companies are faced with over-collecting sensitive information, outsourcing compliance to data-hungry vendors, or disregarding expansive regulations, resulting in a deteriorating digital economy. The lack of a privacy-respecting, shared system for online identity verification is exacerbating issues related to trust and security.
The current identity ecosystem online is fragile and fragmented, leading to duplicated and error-prone age and identity checks across different platforms.
The digital economy is unravelling due to state-level age verification mandates and rampant fraud, with websites demanding passport uploads for accessing adult content.
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