The UK government’s proposed Data (Use and Access) Bill aims to advance digital identity, open finance, and smart data sharing, reshaping financial infrastructure and empowering individuals. By enhancing data sharing across key sectors like healthcare and law enforcement, the Bill could generate significant social and economic benefits, while addressing data adequacy concerns.
The Bill strengthens digital protections while fostering innovation. The government’s commitment to decentralized digital identity could improve accessibility, especially for those lacking traditional identification, drive the economy, and ensure data protection compliance. Digital verification will be crucial in this transformation.
