The question is not how many times a customer must verify, but how can we eliminate friction from each instance. Whether it be from unlocking your phone screen to logging into your Amazon account, In the end, the least number of times you can authenticate a customer is every transaction. But what does a seamless self-serve ID infrastructure look like?
The commercial value of open data is massive but we need a GDPR 2.0, where we can be more open with data usage. Defi could be the answer. It offers a new set of mechanisms to monitor transactions and movement of data, but that is 10+ years from realization.
"Why can't banks manage my data the same way they manage my money?"
The future is trustless.
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