Accelerating the adoption of safe, secure, and privacy-protecting digital credentials will not only improve convenient service delivery for Canadians and Canadian businesses, it will also serve as an important defense against increasing threats of cyber crime and identity fraud.
DTLab will develop specific key performance indicators and qualitative reports on outcomes, depending on the needs of the project and its sponsor(s). We provide comprehensive reports on the impact of our initiatives, including annual reports and audited financial reports.
A McKinsey study found that extending full digital ID coverage could unlock economic value equivalent to 3 to 13% of GDP in 2030, just over half of that for individuals.
This could be achieved through time and cost savings for people and organizations, with more than a billion people gaining access to financial services, improved labour market efficiency, increased agricultural productivity, and fraud reduction.