We will drive prosperity for both business and society by providing identity-focused solutions that create economic incentives for all. Our solutions will enhance our customers' existing systems and increase the traceability and transparency of their operations.
In light of rapid advances in technological development, users and their rights to data are being neglected in favour of profits and power for multinational companies. In 2018, Google's advertising revenues reached $116 billion. They managed this by harnessing data generated by users who are utilising the platforms and services on offer.
Users are effectively performing free labour, yet they do not have the same kind of access and control over data generated on these platforms as companies do. For the undocumented and unbanked, they are missing out on a potentially transformative social and economic development tool. This encompasses over 3 billion people globally.
AID:Tech’s goal is to solve the critical consequences when users do not own their metadata; the lack of ownership over one’s digital identity and the lack of control over how their metadata work in their benefit.
Decentralisation is the key because, for the first time, technological advances have made it possible for individuals to control their digital fingerprint.
Utilising innovative technologies, including decentralised digital identity and blockchain, AID:Tech has developed and deployed proven solutions for governments, corporates and NGOs. Blockchain becomes the key to securely and transparently capturing data. And, AID:Tech’s proprietary technology enables advances in the management and dissemination of data. In time, artificial intelligence and machine learning will play key roles in making data available in ways that benefit and empower organisations and users.