Report: The future of digital trust – Authentaverse
By 2026, around a quarter of the world’s population – two billion people – are expected to spend at least a part of their day in an online immersive environment or “metaverse”, according to Gartner. 
Combining the virtual worlds with the 2D web environments we are already familiar with, will require a collaborative, safe, reliable and seamless authentication framework that allows users to skip safely, and quickly between virtual worlds – an Authentaverse.
Establishing it is going to become the bedrock of how, as a society, we successfully embrace this digital evolution.
Digital trust is of immense value to current and future digital service providers. Many forward-thinking financial services firms are already investing in building, strengthening, and measuring digital trust, as they come to realise its increasing importance. It underpins far more than good customer relationships or brand loyalty – it lays the foundations for an organisation’s very survival.
Creating digital trust is not so easy, but if we get this right, the rewards are outstanding.
Imagine a new era of one-click mortgage and personal loan applications which are form free. A time when we can seamlessly transition from a banking website to mobile account safely and securely, but without any of the friction of remembering passwords or pets’ names, or entering codes sent via SMS. A time where car insurance and car tax applications automatically know your exact make and model of car, where it’s parked at night and how it’s driven, each day.
This grand vision of no-click authentication across the whole digital ecosystem – an Authentaverse – is already well within our reach, thanks to the speed and ingenuity of technological advancements.
This free report explores the final few steps needed to join up the dots. It explores what citizens want from digital trust and how it can benefit society, discusses the key frameworks required to govern it and considers the key technological building blocks on which an Authentaverse will be built.
Please contact the FinTech Futures team to gain access to this free report.
“The future of digital trust – Authentaverse” report is brought to you by LexisNexis Risk Solutions
