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Digital Identity Powered Health Ecosystems: Opportunities, Challenges, and Future Directions

Digital Identity Powered Health Ecosystems: Opportunities, Challenges, and Future Directions

Ingrid Vasiliu-Feltes
Copyright: © 2023 |Pages: 22
ISBN13: 9781799889663|ISBN10: 1799889661|EISBN13: 9781799889670
DOI: 10.4018/978-1-7998-8966-3.ch004
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MLA

Vasiliu-Feltes, Ingrid. "Digital Identity Powered Health Ecosystems: Opportunities, Challenges, and Future Directions." Digital Identity in the New Era of Personalized Medicine, edited by Ingrid Vasiliu-Feltes and Indira Mysore, IGI Global, 2023, pp. 65-86. https://doi.org/10.4018/978-1-7998-8966-3.ch004

APA

Vasiliu-Feltes, I. (2023). Digital Identity Powered Health Ecosystems: Opportunities, Challenges, and Future Directions. In I. Vasiliu-Feltes & I. Mysore (Eds.), Digital Identity in the New Era of Personalized Medicine (pp. 65-86). IGI Global. https://doi.org/10.4018/978-1-7998-8966-3.ch004

Chicago

Vasiliu-Feltes, Ingrid. "Digital Identity Powered Health Ecosystems: Opportunities, Challenges, and Future Directions." In Digital Identity in the New Era of Personalized Medicine, edited by Ingrid Vasiliu-Feltes and Indira Mysore, 65-86. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-7998-8966-3.ch004

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Abstract

The United Nations (UN) and World Bank ID4D initiatives aim to provide everyone on the planet with a legal identity by 2030. They are centered around emerging technologies such as blockchain, artificial intelligence, biometrics, and cryptography, and how they can benefit the underprivileged. However, all stakeholders that can influence the creation of a global digital identity ecosystem will have to collaborate closely in order to be successful. Governments, not-for-profit institutions, lawmakers, policymakers, private sector, and academia should all play a vital role. While the fintech industry has been a leader in driving adoption of digital identity, the healthcare and life sciences industries are widely regarded as equally important, as they have a crucial impact on the global economy and global public health. For long term sustainability, meaningful impact and optimal value creation, we must focus on building global health ecosystems where traditional industry boundaries will become irrelevant, and we transition towards a human-centric personalized medicine model.

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