AI-generated summary
The report “Trust in the digital age” by the Bankinter Innovation Foundation highlights innovation, efficiency, and ethics as key drivers to restore trust, with technology serving as a crucial enabler. Greg Kidd, co-founder and CEO of GlobalID, and a key contributor to the Future Trends Forum that inspired the report, emphasizes the transformative potential of technological innovation in digital identity, payments, and platforms. He advocates for sovereign digital identity—a concept where individuals fully own and control their identity data, deciding when and with whom to share it, rather than relying on corporations or governments. This shift promises to reduce friction in digital transactions while balancing security, privacy, and trust.
Kidd envisions a digital ecosystem where consumers and suppliers interact seamlessly, supported by a foundation of “credentials plus commitment.” His approach aligns with broader collaborative economy strategies emphasizing transparency and user empowerment. As an influential investor in pioneering tech companies like Twitter and Coinbase, Kidd is a visionary driving forward the future of digital trust. For those interested, the Foundation’s report delves deeper into the challenges of institutional distrust and explores innovative solutions to rebuild confidence in the digital era.
Greg Kidd explains what sovereign digital identity is and its role as a lever to increase trust.
The main levers for regaining trust are innovation, efficiency and ethics. And these three levers must be supported by technology, as a facilitating tool. This is according to the report “Trust in the digital age” by the Bankinter Innovation Foundation.
We interviewed Greg Kidd, co-founder and CEO of GlobalID, an expert who participated in the Future Trends Forum from which the aforementioned report emerged. Greg is a strong advocate for
In the following interview, Greg explains what sovereign digital identity is and its role as a lever to increase trust.
Sovereign digital identity, what does it mean?
What sovereign digital identity really means is that you own your identity, and you can take it wherever you want and use it however you want. If your data is yours alone, you decide with whom and when you share what type of data. Conceptually, it is a revolution, since today, every time we register for a new service, App, or website, we are asked for personal data that we do not know how the provider is going to use.
Greg advocates a world in which consumers—whatever the good or service—and suppliers, can meet and transact with less and less friction, and a healthy balance between security, privacy, and trust.
To do this, he points out that the solution is CREDENTIALS + COMMITMENT. An approach with many points in common with which Javier Creus, one of the main strategists in the field of collaborative economy and citizen innovation, and Florent Bannwarth, Operations Manager of BlablaCar Spain, presented us at a recent digital event organized last April by the foundation.
Greg Kidd, a visionary of the FIBK community
Greg Kidd is one of the experts most committed to our Future Trends Forum: a visionary in action who, through Hard Yaka, an investment firm of which he is a founding partner, has invested in early rounds in companies such as Twitter, Square, Ripple or Coinbase, whose recent IPO (‘COIN’ on Nasdaq), has been a milestone: it is the first company in the “crypto” ecosystem to reach Wall Street.
We invite you to listen to this great innovator and his ideas on digital identity, digital trust, blockchain and the future of social networks:
If you want to delve into the current situation of (dis)trust in institutions and what kind of solutions are being proposed to recover it, we encourage you to read our report “Trust in the digital age”.
CEO de globaliD
