Getting to Know the Digital Trust Technology Landscape and Its Role in Maintaining the Stability of the Digital Industry in the country

Along with the increasingly massive adaptation of technological advances in various lines of business and industry, awareness of data privacy and security has become one of the essential points in the ecosystem. Indonesian consumers, who are now increasingly fond of exploring digital lifestyles, are predicted to be able to boost the value of Indonesia's digital economy to US$ 146 billion in 2025. As a result, issues related to digital trust have developed into a hot topic of discussion lately. The implementation of digital trust can be found in various industries ranging from fintech, e-commerce, to logistics. Not to mention, technology that serves digital trust is also believed to be a "safety gate" for the interests of public services in government.

In exploring this issue, the solution provider platform and digital identity verification service, VIDA together with DSInnovate recently launched the most comprehensive report on the digital trust landscape in the country, which is summarized in the “Digital Trust Report” presented by VIDA and DSInnovate.

From the situation above, the report reveals, the surge in digital transactions in the community is driving an increasingly comprehensive digital transformation in the industry. The faster the transformation occurs, "Certification Authority" (CA) accompanies efforts to maintain sovereign data privacy and security, which are the basis for the right to live in society.

"CA" is the key, not only in matters of data security, its implementation is also ordained as a means for the digital business world in presenting products and services that uphold the security of customer privacy. The important role of CAs in supporting businesses in providing digital trust solutions is considered to be able to ensure that businesses run in a corridor with high security standards.

For the digital banking sector, for example, the implementation of digital trust technology is indispensable in accelerating risk management, such as avoiding banking crimes such as identity fraud, burglary, and other fraud. For financial service players, this is crucial, in addition to providing customer security, image and business continuity can also be at stake when digital trust is not fully implemented. Not only that, digital trust can also realize operational efficiency which is the hallmark of the development of modern world technology.

It's the same with the industry that is the "favorite" of consumers in the country, eCommerce. In the report, it is explained that the implementation of digital trust has quite a lot of influence in its business ecosystem. Its application is very wide, ranging from payment purposes, to logistics. For payment purposes, for example, the trend of paylater facilities that have developed in the eCommerce industry lately has certainly adopted digital trust technology for the basic needs of verifying submission and transaction data. Verification technologies that are currently commonly applied are biometric verification and certified technology signatures to support the application of digital identity.

Then what are the aspects that make the digital trust platform able to build trust itself for both consumers and customers? In a interview session Together with DailySocial.id, VIDA Co-Founder and CEO Sati Rasuanto explained, VIDA provides three sets of solutions to help people face the fundamental challenges of digital transformation.

1. VIDA Verify, an instant identity verification service to provide security and convenience at the same time. This solution uses top global biometric verification technology and official government data sources as a database for verification.

2. VIDA Sign, a certified electronic signature solution that is legally recognized and recognized in more than 40 countries because VIDA has been listed on the Adobe Approved Trusted List (AATL).

3. VIDA Pass, provides digital and physical access security to authenticate and authorize identity securely with biometric technology to provide convenience and high reliability.

VIDA seems to have been equipped with a series of certifications that apply both nationally and globally. For example, ISO 27001 certification, Webtrust Certificate Authority, Cloud Signature Consortium Associate Member, and also Adobe Approved Trust List (AATL).

One of the functions of ISO 27001 certification is to ensure that the data and information obtained during the electronic signature issuance process is managed securely in accordance with international standards. Also, the implementation is that the entire contents of the document are claimed to be protected by cryptography, where important information and data can only be accessed by users through identity verification based on trusted data sources.

There are many other things about how crucial digital trust is in the era and life we ​​live in today. For discussion and information that is more complex, comprehensive, and factual in opening our horizons about digital trust, VIDA and DSInnovate “Digital Trust Report” report this can you download in full on this page. Happy reading!