The Unbanked Ecosystem

As Founder of WISeKey and the OISTE Foundation we already provided several major commitments to the United Nations International Telecommunication Union with a donation of 7 million dollars to deploy a digital identification system for developing countries http://www.itu.int/ITU-D/e-strategy/ecdc/ra/pdf/radeploy.pdf . WISeKey also launched a project with Microsoft at the World Summit on Information Society last year to Reduce the Gap in the New Digital Identification Divide by Issuing 20 Million Digital Identities at WSIS http://www.prnewswire.co.uk/cgi/news/release?id=158481.

After visiting the CGI and realized the unique collaborative development model that Clinton is putting in place, we are now decided to multiply this commitment by several times factor to the CGI so we can expand together the use of digital identification and true Single Sign-on functionality to over one billion people allowing them to securely transact chip to chip via the Internet to outreach the unbanked communities of the word. Financial institutions throughout the world have only recently begun to take notice of this "unbanked ecosystem". Because the majority of the unbanked are typically low-wage earners with few assets in disadvantages areas, Banks didn’t see much upside in pursuing their business. That attitude has to change as now teh Internet has the potential to reach every person in the world.