Are These New Global Digital Initiatives Set To Create Personal Prosperity or Digital Prisons?

Data is the new currency. As new global digital initiatives such as “European Digital Identity Wallets” and the UN’s ambitious “50in5” program, are in full swing, many questions and concerns are being raised.

Is this the dawn of an ultra-efficient digital world or the creation of a digital prison?

As we continue to witness these digital transformations taking shape, the global reorganization phase of what some term the Great Reset quietly unfolds.

Governments and organizations worldwide are racing to redefine our currencies, identity and reshape the fabric of our online existence. As initiatives for digital IDs and data-sharing systems seek to dominate the future, our financial, medical, and personal privacy is seemingly more at stake than ever before.

Digital Data-Sharing Systems, Digital IDs, and Digital Monetary Frameworks Happening Now

In a significant stride towards the future of digital governance, the European Parliament and the Council of the European Union recently finalized an agreement to introduce “European Digital Identity Wallets,” marking the first centralized and fully digital identification system for all Europeans.

This development aligns with broader global initiatives, reflecting a profound shift towards digital data-sharing systems, digital IDs, and digital assets.

Over 500 privacy and cybersecurity experts from 39 countries have signed a joint letter expressing reservations about the legislation, citing its potential to infringe on citizens’ privacy rights and compromise online communication security.

European Digital Identity Wallets: The Next Era of Digital IDs

Under the new legislation, European citizens will have the option to possess “digital wallets” containing digital replicas of their ID cards, driving licenses, diplomas, medical records, and bank account information.

The goal is to create a voluntary, yet comprehensive, digital identity system that allows citizens to seamlessly access online services throughout Europe.

Proponents argue that this move is a pivotal step towards achieving the Digital Decade 2030 targets, fostering the revolutionary digitalization of public services.

However, conservative EU lawmakers and cybersecurity experts have raised concerns about potential abuses within an all-encompassing digital identity system. Many are voicing apprehension, indicating a perceived link between the Digital Identity Wallet and the development of a central bank digital currency (CBDC).

Over 500 privacy and cybersecurity experts from 39 countries have signed a joint letter expressing reservations about the legislation, citing its potential to infringe on citizens’ privacy rights and compromise online communication security.

The European Digital Identity framework is currently awaiting formal approval by the European Parliament and the Council, with its enforcement scheduled for the 20th day following publication in the Official Journal.

Bill Gates, The United Nations and the “50in5” Program

Beyond the European Union, global initiatives are reshaping the landscape of digital governance.

The United Nations Development Program, in collaboration with UNICEF and the Inter-American Development Bank, launched the “50in5” program, aiming to introduce Digital Public Infrastructure (DPI) in fifty countries within the next five years.

DPI encompasses secure and interoperable networks involving digital payments, ID, and data exchange systems.

This expansive initiative is supported by various globalist NGOs and non-profits, including the Bill & Melinda Gates Foundation and the Rockefeller Foundation.

The participating countries, ranging from Bangladesh to Brazil and Estonia to Togo, represent a diverse mix of nations from different continents, including NATO, EU, and BRICS members.

Simultaneously, in the digital arena, India, a prominent BRICS nation, has been at the forefront of DPI development for years. Forbes articles emphasize India’s robust digital infrastructure, prompting discussions about the need for a similar system in the United States.

Many Are Pushing Back Against these Initiatives.

Amid these developments, controversies and warnings abound. Conservative EU lawmakers, cybersecurity experts, and privacy advocates express concerns about potential abuse and the infringement on privacy rights within these digital systems.

Concerns over a fully digital system that can be centrally controlled to limit individuals based on geographical areas or compliance with mandates are certainly warranted.

Supporters of decentralized digital finance development echo these sentiments, cautioning that any CBDC system could evolve into a tool of totalitarian control, akin to a Chinese-style “social credit score.”

These apprehensions extend beyond Europe, resonating with discussions surrounding the development of digital assets globally.

Meanwhile, it is worth noting that while the U.S. Federal Reserve has not made a decision on issuing a US Dollar-based CBDC, it asserts that any such move would only proceed with an authorizing law.

As we continue to witness these digital transformations taking shape, the global reorganization phase of what some term the Great Reset quietly unfolds.

The push for digital infrastructure, digital IDs, and digital assets continues to raise fundamental questions about privacy, security, and the potential implications of a fully digitized global society.