1) Facial Recognition.
2) Biometrics using Fingerprint scanning. Backup using DNA profiling. Totally no mistake and no way you can fake your identity.
3) Biometrics. Using voice recognition.
You do not need an ID or passport anymore. You do not need ATMs to withdraw cash anymore. Cash will be phased out using digital currency and customers and governments can decide which digital currency to use and it will be fully convertable. Digital wallets will be used and encryption will secure everything. For ICOs new standards will be used at premises to ensure conformity and computers allowing workers access will be monitored 24 hours 365 days a year using cameras and screen capture/text input software, setting the standards for all financial institutions like banks who do transactions and provide funds and trading activity to follow this standard, which means all World Exchanges will also do so and when Blockchain 3.0 is adopted, there is no way you can hack anything anymore, aiding global payments and transations securely and the mass adoption of global trade.
Presently there are so many methods of identity to make payments using mobile numbers, UEN, QR code, but the future we will see a consolidation which companies will use and individuals will use and it will apply worldwide eg QR code in China. I do not control the direction of technology and which technology and standards will be used, it will be determined by mass adoption.
All these standards will result in the Age of Digital Banks, where customers for loans can be matched wit lenders, and all agreements can be digitally signed and sealed. Digital Banks will have the ability to keep costs low and create massive lending up to 700% of their existing capital, where it will be standard for banks to ask customers to buy loan/mortgage insurance to cover the risk of default of loan repayments and when all these happens, strict capital requirements can be lowered which in directly increase the liquidity for global markets. All these I have already solve all the barriers to global trade for a Perfect Economy. The only way is up and will not go down and those who manipulate the markets using their authority and access will be penalised with fines like what happen last week. If all these happens, all financial goals for mutual funds can be easily met, setting the stage for all to 100% to get their retirement funds without default.
Fool around with me nobody gets any benefits and you can delay your progress by more than 100 years.
Contributed by Oogle.