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@anildash it seems like there’s some sort of government OpenID-esque solution here. Unique IDs per-company, people are in control of how much info is shared, from unique ID but no actual personal info to full financial info suitable for banking etc.
Gov could invalid access per-company if there’s a breach, plus the usual revolving token protections to limit damage.
Requires a lot of trust the government implements it well, but at a naive first glance it seems like it could solve some problems.