Skip to main content

Edward Snowden on Identity

In what must be considered a successful and interesting approach, the KNOW Identity Conference focused on identity related issues and identity related investment opportunities.

The first speaker was Edward Snowden, appearing via Skype from an undisclosed location. Mr. Snowden made a number of interesting comments.

He noted the government’s primary role in the provision of authenticated documents relating to identity. Indeed, supplying “identity” is one of the core functions of a modern government. Mr. Snowden suggested that governments focus on enabling people to interact with one another, secure in the knowledge of true identity. This needs to be facilitated both locally and globally, that is, you need to communicate securely (secure with respect to knowing the identity of the other person) over both great distances and/or over a shop counter.

As a way of facilitating this thinking, Mr. Snowden noted that one of the core ways to enhance identity is to have governments ask the question when focusing on identity data, “what do we really need?” Mr., Snowden suggests that citizens demand governments acknowledge that identity data will definitely be misused. The question then becomes what governments do under that eventuality. In other words, citizens need to ask governments what they (governments) will do when (not if) that data misuse happens?

As part of this focus, a recognition that people rarely need precise data to validate identity is helpful. In other words, to cash a check, you don’t need to know my blood pressure, height (to the centimeter), or exact weight (to the ounce). You may need approximations of this data, but you do not need exact numbers. The implication is that we should only use role or transaction specific and appropriate data. This data requirement changes with the nature (age, size, geographic location of the parties, time) of the transaction the identity data is (or will be) used for.

Mr. Snowden ended with more comments of the nature of the identity challenges faced in the modern age. He pointed out that dumb terrorists tend to be weeded out/captured quickly.

All in all, an engaging and thought provoking discussion. 

Popular posts from this blog

Kamalanomics: Home and Health

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...

Maternal Health Financing Facility for Black Women: A Solution to an Urgent Problem

Maternal mortality is a significant issue in the United States, with Black women disproportionately affected. Research conducted by the Centers for Disease Control and Prevention (CDC) has shown that Black women are more likely to die from pregnancy-related causes than their white counterparts. However, the issue is not new, and despite the increasing amount of data available, the disparities have remained unaddressed for far too long.  Creative Investment Research (CIR) is among the organizations that believe there is a solution to the problem. Through our proposed impact investing vehicle , the Maternal Health Financing Facility for Black Women (MHFFBW), we aim to tackle the mortality gap and support Black women during childbirth, which will, in turn, benefit their communities. The Facility, based on legally binding financing agreements containing terms and conditions that direct resources to individuals and institutions capable of addressing supply-side conditions at the heart...

William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding

September 2018 - 10 Questions William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding Interview by Carly Schulaka WHO: William Michael Cunningham WHAT: Economist, impact investing specialist, founder of Creative Investment Research WHAT'S ON HIS MIND: “Any finance professional in the U.S. should learn how to create a blockchain.” 1. You are an economist, an inventor, and an impact investing specialist. I’ve heard you say: “True innovation happens in a way that is independent of monetary returns.” How does this statement influence your work? It’s really about finding an interesting problem and applying financial technology to solving that problem or to dealing with that problem. You know, the people who invented the alphabet didn’t do so to make money. They had an interesting problem—communication on both a local and a grand scale—and if you were to calculate the social return for the invention of that technology or technique, it’s almost infinit...