Part 6/11:
The current push for mandatory digital identity tools in decentralized finance (DeFi) is a prime example. Developers and platforms could soon be mandated to incorporate smart contracts that automatically verify user identities before transactions — a move Webb considers a crucial step toward total financial surveillance.
The Role of International Organizations and Humanitarian Efforts
Webb traces the origins of these digital ID systems to initiatives like ID2020 and the UN's efforts to use digital IDs as a "Trojan horse." Under the guise of promoting inclusivity and justice—particularly for marginalized groups like refugees—digitized identity systems are being built on blockchain platforms that utilize biometric data, especially iris scans, for identity verification.