Technology
Ethiopia’s FaydaPass Digital Wallet Could Gain Blockchain-Backed Credentials
Biometric Update · 3 hours ago · Read the Full Story on Biometric Update
AI SUMMARY
FaydaVerse has signed an agreement with South Korea’s DSRV to explore integrating blockchain infrastructure, verifiable credentials, and digital payments with Ethiopia’s national digital ID system.
- FaydaVerse signed an agreement with South Korea’s DSRV on October 26 in Addis Ababa.
- The agreement establishes a joint working group to examine upgrades to the FaydaPass digital wallet and the proposed FaydaChain blockchain verification infrastructure.
- FaydaChain would link digital certificates and qualifications with FaydaPass, enabling records to be verified and reused across participating services.
- Both parties are exploring the development of a Web3 financial wallet using identity authentication and electronic vouchers for public assistance.
- Ethiopia’s Fayda digital ID program has registered more than 52 million people, with 150 entities having integrated their services.
- Sierra Leone and Malawi are also implementing blockchain-based identity and trust infrastructure in partnership with international organizations.
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