Australia's Albanese government invests $11.4m in the TEx digital ID project, aiming to enhance personal data control and privacy with a secure myGov wallet technology.

The Albanese government in Australia is investing in the TEx (trust exchange) digital ID project, a secure myGov digital wallet technology at the proof-of-concept stage. Funded with $11.4 million, it aims to provide Australians with greater control over their personal data and stronger identity verification. The technology will give users more privacy and security settings compared to centralized ID systems and is designed to align with Europe's General Data Protection Regulation. The TEx project is part of the federal government's broader digital ID initiative and will enable individuals to share only the necessary personal information for identity verification purposes.

August 12, 2024
25 Articles