The market is moving towards

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According to Gartner, by 2026, more than 500 million people worldwide will use phone-based digital identity wallets (DIWs). This will represent a significant increase in the use of the technology, which should alleviate a number of problems associated with identity verification, especially for government agencies.

"Basically, you'll be able to have a DIW on your phone, and it's not much different than an authentication app," Han says. "It's not a Microsoft ID, it's an ID in a Microsoft app."

Open digital ID standards and platform interoperability will likely drive adoption by governments and, in turn, citizens. GIW technology, while beneficial, will likely be too expensive for businesses to build themselves. Its advantage lies in scale and the trust that comes with using a government-issued ID.

“ portable digital identity, so users don’t have to prove their identity over and over again, but instead have an ID wallet on their mobile device that verifies that ID,” Khan says.

Businesses that currently pay third-party belgium mobile database verification companies could even save money with GIW. “The key to this is what the commercial offerings look like,” says Khan. Organizations also need to adopt the identity asset technology in the wallet, which is why government support is so important, as are open standards and interoperability. And using GIW could provide benefits in areas as diverse as hiring or onboarding new customers.

“From a technical perspective, if you can get people onboard faster, it makes sense,” Khan says. “In a competitive market, organizations will want to do that.”

Still, GIWs are likely to become part of the IAM landscape, rather than a replacement for internal identity and authentication systems. “You have an ID, and that ID has attributes like ‘I’m a Gartner employee.’ Then you have attributes for access rights, so there are multiple layers of information,” says Khan. “It can’t all be in the wallet. Firms still have to validate against their own identity infrastructure.”