The post Kurdistan hits digital ID milestone; Infosys, Telstra partner appeared on BitcoinEthereumNews.com. Homepage > News > Business > Kurdistan hits digital ID milestone; Infosys, Telstra partner The Kurdistan Regional Government (KRG) has made significant strides in its quest to embrace digitization, with digital IDs being seen as the lowest-hanging fruit in the campaign. According to a report, the KRG has issued over 2 million digital IDs in the semi-autonomous Kurdistan region of Northern Iraq. The KRG’s Department of Information Technology is leading the region’s digital ID adoption efforts, rolling out several initiatives to improve metrics. The Department of Information Technology has launched 26 centers in the Kurdistan region for residents to apply and receive digital IDs. Several local news outlets reveal that the application process for digital IDs is less than five minutes, requiring the capture of key biometric data. After processing, applicants will receive a 13-digit Unique Personal Number designed to operate as an identifier for residents. Apart from the ease of registration, Kurdistan’s digital ID metrics are rising on the back of novel use cases for residents revolving around Hajj applications and online passport renewals. Experts are bracing for a spike in Kurdistan’s digital ID adoption metrics in the near term. Underneath the projected growth is the release of the beta version of the KRD Pass mobile app, designed to simplify access to public sector services. Ahead of a mainstream integration with the regional digital ID system, the KRD Pass racked up over 85,000 users in the first five days after launch. Upon signing, residents can lean on the mobile app to check government salaries, pay electricity bills, and receive notifications for incoming digitization features. The report revealed plans by the government to integrate a digital wallet functionality for users to support the storage of official documents. Several experts are tipping the KRD Pass to onboard up to one million… The post Kurdistan hits digital ID milestone; Infosys, Telstra partner appeared on BitcoinEthereumNews.com. Homepage > News > Business > Kurdistan hits digital ID milestone; Infosys, Telstra partner The Kurdistan Regional Government (KRG) has made significant strides in its quest to embrace digitization, with digital IDs being seen as the lowest-hanging fruit in the campaign. According to a report, the KRG has issued over 2 million digital IDs in the semi-autonomous Kurdistan region of Northern Iraq. The KRG’s Department of Information Technology is leading the region’s digital ID adoption efforts, rolling out several initiatives to improve metrics. The Department of Information Technology has launched 26 centers in the Kurdistan region for residents to apply and receive digital IDs. Several local news outlets reveal that the application process for digital IDs is less than five minutes, requiring the capture of key biometric data. After processing, applicants will receive a 13-digit Unique Personal Number designed to operate as an identifier for residents. Apart from the ease of registration, Kurdistan’s digital ID metrics are rising on the back of novel use cases for residents revolving around Hajj applications and online passport renewals. Experts are bracing for a spike in Kurdistan’s digital ID adoption metrics in the near term. Underneath the projected growth is the release of the beta version of the KRD Pass mobile app, designed to simplify access to public sector services. Ahead of a mainstream integration with the regional digital ID system, the KRD Pass racked up over 85,000 users in the first five days after launch. Upon signing, residents can lean on the mobile app to check government salaries, pay electricity bills, and receive notifications for incoming digitization features. The report revealed plans by the government to integrate a digital wallet functionality for users to support the storage of official documents. Several experts are tipping the KRD Pass to onboard up to one million…

Kurdistan hits digital ID milestone; Infosys, Telstra partner

The Kurdistan Regional Government (KRG) has made significant strides in its quest to embrace digitization, with digital IDs being seen as the lowest-hanging fruit in the campaign.

According to a report, the KRG has issued over 2 million digital IDs in the semi-autonomous Kurdistan region of Northern Iraq. The KRG’s Department of Information Technology is leading the region’s digital ID adoption efforts, rolling out several initiatives to improve metrics.

The Department of Information Technology has launched 26 centers in the Kurdistan region for residents to apply and receive digital IDs. Several local news outlets reveal that the application process for digital IDs is less than five minutes, requiring the capture of key biometric data.

After processing, applicants will receive a 13-digit Unique Personal Number designed to operate as an identifier for residents. Apart from the ease of registration, Kurdistan’s digital ID metrics are rising on the back of novel use cases for residents revolving around Hajj applications and online passport renewals.

Experts are bracing for a spike in Kurdistan’s digital ID adoption metrics in the near term. Underneath the projected growth is the release of the beta version of the KRD Pass mobile app, designed to simplify access to public sector services.

Ahead of a mainstream integration with the regional digital ID system, the KRD Pass racked up over 85,000 users in the first five days after launch. Upon signing, residents can lean on the mobile app to check government salaries, pay electricity bills, and receive notifications for incoming digitization features.

The report revealed plans by the government to integrate a digital wallet functionality for users to support the storage of official documents. Several experts are tipping the KRD Pass to onboard up to one million users, given the pace of adoption as the KRG doubles down on digitization.

Iraq embraces next-gen technologies to boost local economy

While Kurdistan has shown a keen desire to adopt emerging technologies in key sectors of the economy, the rest of Iraq is toeing the same line. The country signaled an intention to roll out a central bank digital currency (CBDC) for financial inclusion, joining the rest of its regional peers early in the year.

Furthermore, the country has announced ambitious plans for two new colleges to deepen the local talent pool for artificial intelligence (AI). To become the regional hub, Iraq and the KRG must catch up to the United Arab Emirates (UAE), Qatar, and Saudi Arabia, countries with thriving digital ecosystems.

Infosys and Telstra ink deal for AI-backed digitization in Australia

India-based multinational IT company Infosys has signed a collaborative deal with Australia-based telecommunications giant Telstra to improve AI metrics.

Infosys and Telstra will float a joint venture in Australia to advance AI functionalities for local enterprises. Per the arrangement, Infosys will scoop up 75% of shares in Versent Group, a subsidiary of Telstra Group, effectively launching the joint venture.

Under the arrangement, Telstra will maintain its 25% minority stake in Versent while Infosys will introduce its suite of AI solutions into the venture. Executives disclose that the deal will see Infosys Topaz, an enterprise-ready AI platform, introduced into Versent Group.

Meanwhile, Telstra’s advanced connectivity over the Australian market is tipped to give the joint venture an edge in achieving its objectives. Furthermore, parties reveal that Versent’s local digital engineering will play an integral role for the joint venture, stringing Infosys and Telstra’s functionality into a formidable operation.

“We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group’s cloud-first digital foundation,” said Infosys CEO Salil Parekh.

Going forward, Versent Group’s cloud business and clientele will receive AI functionalities. However, the new joint venture focuses on the Australian market, targeting enterprises and government corporations keen on embracing digitization.

“By combining the strengths of our three businesses, we’re creating a unique proposition that will help Australian enterprises grow and innovate in today’s fast-moving, AI-driven digital landscape,” said Telstra executive Oliver Camplin-Warner.

Despite the potential for improvements to the local AI ecosystem, the joint venture has to achieve regulatory compliance before the start of operations. Pundits are tipping the transaction to be completed in the second half of 2026 following full regulatory approval.

AI gains ground in Australia

Amid the impending joint venture between Infosys and Telstra, AI and other emerging technologies have recorded significant milestones in Australia. Regarding regulatory direction, Australia is hurtling toward the launch of strict guardrails, famously rolling out a public consultation on the potential ban of “high-risk” AI tools.

Furthermore, Australian authorities are eyeing potential bilateral agreements with China and India for AI regulatory approaches. The APAC nation has opened its doors to Big Tech firms, with Microsoft (NASDAQ: MSFT) pledging a $3.2 billion investment for data centers and talent building.

Currently, AI utility in Australia encompasses healthcare, environmental conservation, finance, manufacturing, and defense. However, the country is aware of the inherent risks stemming from the broad integration of AI into key sectors of the economy.

In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data. Check out CoinGeek’s coverage on this emerging tech to learn more why Enterprise blockchain will be the backbone of AI.

Watch: Digital identity is a core part of Web3—here’s why

title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen=””>

Source: https://coingeek.com/kurdistan-hits-digital-id-milestone-infosys-telstra-partner/

Market Opportunity
NEAR Logo
NEAR Price(NEAR)
$1.835
$1.835$1.835
+1.26%
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55
The man accused of stealing $11 million in XRP has filed a countersuit against the widow of American country music singer George Jones.

The man accused of stealing $11 million in XRP has filed a countersuit against the widow of American country music singer George Jones.

PANews reported on January 14th that Kirk West, the man suspected of stealing over $11 million worth of XRP from Nancy Jones, the widow of the late American country
Share
PANews2026/01/14 10:51
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25