Evernym Self-Sovereign ID Provider and Red Cross Partner in Identity for Good Initiative (ID4G)
Evernym, a software company that develops decentralized and self-sovereign identity apps, has selected five nonprofit organizations to receive its first initiative known as Identity for Good Initiative (ID4G). The beneficiaries include the International Committee of the Red Cross (ICRC), iRespond, DECODES, Tykn, and Rohingya Project.
Through the ID4G, the selected nonprofit organizations will have access to Evernym’s technology Accelerator which normally goes for $50,000 a year. The Accelerator allows members to perform a hands-on evaluation of innovative digital ID technology.
They will also receive tools for cutting-edge digital identity, education, and support to determine how the technology can be implemented.
Amazing Opportunity for Red Cross
In addition to being one of the renowned recipients of the ID4G Initiative, Red Cross is also the world’s biggest distributor of humanitarian funds. In 2017 alone, they gave out almost $1B. As such, they decided to incorporate blockchain and create digital identities for all of its beneficiaries.
Several digital ID solutions in the market have proven to be inadequate. This led to Evernym inventing a distributed ledger technology that made self-sovereign digital ID possible. Red Cross chose to be a part of this initiative due to the fact that it is completely secure and doesn’t save any detectable data on the blockchain network.
According to Red Cross’s Senior Adviser, Nathan Cooper, ID4G Initiative is a great prospect for the humanitarian community. They can now have access to new technologies and expertise that will help them assist communities in crisis.
Caroline Holt, the head of global cash distribution at Red Cross also commented on this new initiative. She stated that the use of spreadsheets and beneficiary ID to process aid is no longer reliable. It was about time Red Cross got something more practical, something that people could use to create and access their identities. ID4G is a more dignified choice and an economic incentive to the audience where humanitarian aid is required.
Digital Identity as a Solution
Approximately 1 billion people are at risk because they do not have a formal identity. Without a formal ID, such persons cannot receive benefits; exercise their rights or keeping their families together. As a matter of fact, their safety is at stake.
Thanks to the most recent innovations in the Decentralized Identity arena and The Self Sovereign Identity, a solution to the problem has been found.
Most philanthropic organizations are keen to learn about this intriguing application and overall digital ID technology and how it can be relevant to their own separate missions.
A Technological Revolution
Evernym is excited to pool all non-governmental organizations and other commercial interests that are similar to promote access and speed up the advancement for Self-Sovereign Identity. It is necessary for the nonprofit community to be equally represented so as to create uniformity in thought and distributions.
NGOs experience some of the world’s most demanding requirements for digital identity. Through the ID4G Initiative, such organizations can be a part of the technological revolution at no fee.