Modernize your practice with the must-haves of any competitive vet practice: online booking system, pet portal, automated communication, fast record-keeping, e-sign for consent forms, and many more. Easy to use with 24/7 support.

Digitail

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Building a User-Friendly Interface for Central Bank Digital Currency Applications: A Case Study 

This April, Italy, Turkey, and South Africa have launched their digital nomad visa programs. In this article, I'd like to describe each nomad visa and its requirements. Each of these nations has its own crypto regulation framework for legal entities and individuals to provide operations with crypto. This information, I also included this in the article, and it may help crypto guys looking for a place to move in. Digital Nomad Visa Italy Italy is known for its nature and dates back to ancient Rome times. It is a popular destination for tourists and immigrants. However, Italian migration procedures remained relatively complex and confusing - it had no convenient type of visa for remote workers as in Spain or Portugal. Local authorities try to meet this challenge and create a straightforward procedure for digital nomads. The visa is generally very similar to the Spanish "Digital Nomad Visa" and will undoubtedly become its competitor. Freelancers and employees of foreign companies working remotely can apply for a visa. It is presented for one year with the possibility of extension and provides the opportunity to move your family members too. To get this visa, it's essential to confirm a regular income of €28,000 per year or about €2,300 per month. Moreover, in Italy, the minimum income tax rate is 23% if the income for the year is less than €15,000. For digital nomad visa applicants, the rate will be lower - 5-15%. However, considering social payments, the tax rate is much higher - the same 23-28% - as in Spain, where, according to Beckham's law, you can pay 25% for the first five years of residence in the country. In general, the appearance of such a visa is a big step forward for Italy, which has a complex and unclear migration system. Unfortunately, you can get this visa only in the country of residence - you need to make an appointment in the embassy of Italy in your country. Spanish digital nomad visa procedure is better - it has the option to come to Spain as a tourist and apply for a residence permit. Also, while living in Italy, you must renew this residence annually. You can obtain Italian citizenship by naturalization after only 10 years. Italy is very heterogeneous in terms of the development of the IT industry and crypto business. It has large cities such as Milan and Rome with a high standard of living and technological development, and there are southern regions such as Sicily with deficient technological and economic development. The financial market regulator (Organismo Agenti e Mediatori (OAM)) provides a licensing framework for crypto businesses. It has already 146 registered legal entities on the list. There are also 89 crypto ATMs in Italy. The capital tax rate for income from cryptocurrency transactions in Italy is 26%. Digital Nomad Residence Permit in Turkey In Turkey, instead of an actually tourist residence permit for rent, the option of obtaining a residence permit for remote workers is now available. The minimum income to receive it is $3,000 monthly or $36,000 annually. You can apply for a visa on the website of the Tourism Promotion and Development Agency of Turkey. Judging by the procedure (new visa), the very fact of obtaining preliminary approval remotely through the agency's website, even before traveling to Turkey, is a cool innovation. However, there are some concerns with this visa type. First of all, it is available only to citizens of the USA, Canada, UK, EU, Russia, Ukraine, and Belarus. Citizens of other nations can't get it. An absolute advantage of living in Turkey was the relatively low cost of goods and services, but due to high inflation, prices are constantly rising. A high level of inflation makes crypto very popular and according to various sources, up to 40% of the Turkish population uses them to save wealth. Crypto exchanges operate legally in the country, but the government's policy towards them needs to be more transparent and predictable. Also, recently, the policy of the Turkish authorities toward foreign residents has changed a lot, and many are leaving due to refusals to renew tourist residence permits for rent. This new visa is possible—just an attempt to return foreign residents to the country. The tourist residence permit was exempt from taxes, now most likely, digital nomads will become tax residents of the country. The tax rate for individuals is progressive—from 15% to 40%. That's why the maximum tax rate is almost the same as in Western European countries famous for their high taxes. So, Italian and Turkish visas may suit digital nomads interested in these countries. But in general, they don't offer any opportunities better than Spain and Portugal. The minimum basic income is approximately the same as well tax rates. Finally, Turkish citizenship by naturalization can be obtained by living in the country for more than five years. Is It Worth Moving to South Africa? South Africa has also introduced its digital nomad visa. Recipients of this visa will be able to live in an English-speaking country with a relatively low cost of living. The disadvantages of living in South Africa include a relatively low level of security. At the same time, it is an English-speaking country with a fairly rich economy; it is part of BRICS. The minimum income to obtain a visa is about $53,000 per year or more than $4,400 monthly. This is much more than for a Spanish nomad visa despite South Africa also having a relatively high maximum personal tax rate - 45%. However, South Africa is the most advanced African nation in crypto and fintech regulation. Crypto payments and crypto salaries are legalized by the decree of the local tax service (SARS). Also, South Africa has issued a record number of licenses for crypto entities - 74. Capital tax rates are quite flexible for individuals - 18% and corporate tax - 27%. Conclusion All these visas can be a good option for you if you want to move to these countries (South Africa, Italy, Turkey). However, their undoubted disadvantages are the lack of tax benefits and migration procedures. As for crypto regulation, all three countries are important in the global cryptocurrency market, as they have many crypto users. So if you are interested in relocation from this point of view, these countries may suit you. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation rating here and get updates on my Telegram channel. This April, Italy, Turkey, and South Africa have launched their digital nomad visa programs. In this article, I'd like to describe each nomad visa and its requirements. Each of these nations has its own crypto regulation framework for legal entities and individuals to provide operations with crypto. This information, I also included this in the article, and it may help crypto guys looking for a place to move in. Digital Nomad Visa Italy Digital Nomad Visa Italy Italy is known for its nature and dates back to ancient Rome times. It is a popular destination for tourists and immigrants. However, Italian migration procedures remained relatively complex and confusing - it had no convenient type of visa for remote workers as in Spain or Portugal. Local authorities try to meet this challenge and create a straightforward procedure for digital nomads. The visa is generally very similar to the Spanish "Digital Nomad Visa" and will undoubtedly become its competitor. Freelancers and employees of foreign companies working remotely can apply for a visa. It is presented for one year with the possibility of extension and provides the opportunity to move your family members too. To get this visa, it's essential to confirm a regular income of €28,000 per year or about €2,300 per month. Moreover, in Italy, the minimum income tax rate is 23% if the income for the year is less than €15,000. For digital nomad visa applicants, the rate will be lower - 5-15%. However, considering social payments, the tax rate is much higher - the same 23-28% - as in Spain, where, according to Beckham's law, you can pay 25% for the first five years of residence in the country. In general, the appearance of such a visa is a big step forward for Italy, which has a complex and unclear migration system. Unfortunately, you can get this visa only in the country of residence - you need to make an appointment in the embassy of Italy in your country. Spanish digital nomad visa procedure is better - it has the option to come to Spain as a tourist and apply for a residence permit. Also, while living in Italy, you must renew this residence annually. You can obtain Italian citizenship by naturalization after only 10 years. Italy is very heterogeneous in terms of the development of the IT industry and crypto business. It has large cities such as Milan and Rome with a high standard of living and technological development, and there are southern regions such as Sicily with deficient technological and economic development. The financial market regulator (Organismo Agenti e Mediatori (OAM)) provides a licensing framework for crypto businesses. It has already 146 registered legal entities on the list. There are also 89 crypto ATMs in Italy. The capital tax rate for income from cryptocurrency transactions in Italy is 26%. Digital Nomad Residence Permit in Turkey Digital Nomad Residence Permit in Turkey In Turkey, instead of an actually tourist residence permit for rent, the option of obtaining a residence permit for remote workers is now available. The minimum income to receive it is $3,000 monthly or $36,000 annually. You can apply for a visa on the website of the Tourism Promotion and Development Agency of Turkey. Judging by the procedure (new visa), the very fact of obtaining preliminary approval remotely through the agency's website, even before traveling to Turkey, is a cool innovation. However, there are some concerns with this visa type. First of all, it is available only to citizens of the USA, Canada, UK, EU, Russia, Ukraine, and Belarus. Citizens of other nations can't get it. An absolute advantage of living in Turkey was the relatively low cost of goods and services, but due to high inflation, prices are constantly rising. A high level of inflation makes crypto very popular and according to various sources, up to 40% of the Turkish population uses them to save wealth. Crypto exchanges operate legally in the country, but the government's policy towards them needs to be more transparent and predictable. Also, recently, the policy of the Turkish authorities toward foreign residents has changed a lot, and many are leaving due to refusals to renew tourist residence permits for rent. This new visa is possible—just an attempt to return foreign residents to the country. The tourist residence permit was exempt from taxes, now most likely, digital nomads will become tax residents of the country. The tax rate for individuals is progressive—from 15% to 40%. That's why the maximum tax rate is almost the same as in Western European countries famous for their high taxes. So, Italian and Turkish visas may suit digital nomads interested in these countries. But in general, they don't offer any opportunities better than Spain and Portugal. The minimum basic income is approximately the same as well tax rates. Finally, Turkish citizenship by naturalization can be obtained by living in the country for more than five years. Is It Worth Moving to South Africa? Is It Worth Moving to South Africa? South Africa has also introduced its digital nomad visa. Recipients of this visa will be able to live in an English-speaking country with a relatively low cost of living. The disadvantages of living in South Africa include a relatively low level of security. At the same time, it is an English-speaking country with a fairly rich economy; it is part of BRICS. The minimum income to obtain a visa is about $53,000 per year or more than $4,400 monthly. This is much more than for a Spanish nomad visa despite South Africa also having a relatively high maximum personal tax rate - 45%. However, South Africa is the most advanced African nation in crypto and fintech regulation. Crypto payments and crypto salaries are legalized by the decree of the local tax service (SARS). Also, South Africa has issued a record number of licenses for crypto entities - 74. Capital tax rates are quite flexible for individuals - 18% and corporate tax - 27%. Conclusion Conclusion All these visas can be a good option for you if you want to move to these countries (South Africa, Italy, Turkey). However, their undoubted disadvantages are the lack of tax benefits and migration procedures. As for crypto regulation, all three countries are important in the global cryptocurrency market, as they have many crypto users. So if you are interested in relocation from this point of view, these countries may suit you. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation rating here and get updates on my Telegram channel . here Telegram channel

New Digital Nomad Visas Overview

How to Power up your Digital Marketing with Deep Learning Predictions

গভীর শিক্ষার পূর্বাভাস দিয়ে কীভাবে আপনার ডিজিটাল মার্কেটিংকে শক্তিশালী করবেন

So steigern Sie Ihr digitales Marketing mit Deep Learning-Prognosen

Cómo potenciar su marketing digital con predicciones de aprendizaje profundo

Comment dynamiser votre marketing numérique avec les prédictions du Deep Learning

डीप लर्निंग भविष्यवाणियों के साथ अपने डिजिटल मार्केटिंग को कैसे सशक्त बनाएं

ディープラーニング予測でデジタルマーケティングを強化する方法

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Derin Öğrenme Tahminleriyle Dijital Pazarlamanızı Nasıl Güçlendirebilirsiniz?

Cách tăng cường hoạt động tiếp thị kỹ thuật số của bạn với dự đoán học sâu

如何利用深度学习预测增强你的数字营销

With 35 million individuals worldwide, marking a 232% increase over the past three years, the digital nomad sector is thriving. With a median salary of $85,000 per month, if we nomads were a nation, our GDP would be on par with France's (2.78 trillion USD). Bonjour, Nomads! Our cultural shift is just beginning to show, and a new breed of unicorns has already emerged! Let's delve into the startups capitalizing on this trend. Are We Truly Nomads? Historically, digital nomads were often viewed as freelancers or entrepreneurs. However, the COVID-19 pandemic has dramatically democratized this lifestyle, making it accessible to a broader audience. Corporations have been forced to adapt to global talent-sourcing models. In the U.S., 30% of the nomad population has seen its remote workforce double in the last few years. Dropbox CEO, Drew Houston, in The Verge: "We used to have 75 percent of our employees in the big tech hubs. Now, that’s like 50 percent. That means we’ve gotten all these awesome people in these places who never would’ve joined Dropbox before at all levels." The Expansion of the Nomadic Workforce Deel.com, the leading entity in this sector, has skyrocketed to a valuation of $12 billion with over $500 million in annual recurring revenue (ARR), achieving EBITDA positivity since September 2022. An impressive feat for a company founded in 2018. Deel simplifies hiring by acting as the employer of record, managing compliance with employment laws across over 150 countries. As Deel gears up for a potential IPO in 2025-2026 and continues acquiring HR platform providers, aiming to create a comprehensive one-stop shop for global corporate HR needs. Alex Bouaziz, Co-Founder & CEO of Deel, knows the complexities of managing online teams firsthand. Originally from France, he has lived in Israel, the U.K., the U.S., and Spain. His experience managing a high-pressure environment at YC, where team members are scattered across various countries, emphasizes the importance of self-care. Social and Safety Concerns in a Borderless World While the digital nomad lifestyle offers freedom and flexibility, it also presents unique challenges such as personal safety, which 26% of digital nomads reported as their top concern in 2023. This includes issues from health emergencies in foreign countries to physical security in less stable regions. A notable player here is SafetyWing.com, which specializes in global travel medical insurance. In April 2022, SafetyWing raised $35 million in a Series B round, reflecting its focus on expanding its offerings to meet the needs of both individual nomads and corporate clients. Its project, Plumia, is pioneering the concept of an "internet nation" – offering a social safety net and a digital passport to facilitate a fast-track visa process for digital nomads in over 10 countries. Or I would call it a B2G KYC provider, which helps countries attract talent to themselves. For developing countries, this talent arbitrage is a chance to attract wealthy foreigners ready to spend much more than the local population, while developed countries aim to fill gaps in fertility rates and youth outmigration. There are already 66 countries that issue digital nomad visas. Nation-states recognize nomads as a separate group и, возможно separate nation! The concept of a digital nomad nation is radical: a decentralized community that views nation-states as service providers, comparing them by the features they offer: climate, safety, taxes, access to community and finances, and even internet speed still matters. Sounds too rational, doesn’t it? But from the same rational perspective, we need to unite to create new structures for legal rights, community support, and cultural integration. 22% and 21% of nomads suffer from a lack of friends and loneliness. We simply need new ways to unite into groups. One of the startups addressing this problem for digital nomads is bubbleswitch.me – which instantly integrates into new cities and feels at home anywhere. This startup allows users to save and share favorite local spots and communities, effectively enabling them to "switch" social and cultural bubbles seamlessly. The Horizon Expands We stand on the brink of a revolution in work and citizenship. Digital nomads are thriving, redefining the global landscape on their own terms. In this narrative, companies like Deel, SafetyWing, and Bubbleswitch.me are crafting the very infrastructure of a digital nation, poised to become the next unicorns of the startup world. With 35 million individuals worldwide, marking a 232% increase over the past three years, the digital nomad sector is thriving. With a median salary of $85,000 per month, if we nomads were a nation, our GDP would be on par with France's (2.78 trillion USD). Bonjour, Nomads! Our cultural shift is just beginning to show, and a new breed of unicorns has already emerged! Let's delve into the startups capitalizing on this trend. With 35 million individuals worldwide, marking a 232% increase over the past three years, the digital nomad sector is thriving. With a median salary of $85,000 per month , if we nomads were a nation, our GDP would be on par with France's ( 2.78 trillion USD ). Bonjour, Nomads! Our cultural shift is just beginning to show, and a new breed of unicorns has already emerged! Let's delve into the startups capitalizing on this trend. 35 million 35 million $85,000 per month $85,000 per month 2.78 trillion USD 2.78 trillion USD Are We Truly Nomads? Historically, digital nomads were often viewed as freelancers or entrepreneurs. However, the COVID-19 pandemic has dramatically democratized this lifestyle, making it accessible to a broader audience. Corporations have been forced to adapt to global talent-sourcing models. In the U.S., 30% of the nomad population has seen its remote workforce double in the last few years. Dropbox CEO, Drew Houston, in The Verge: in The Verge: in The Verge: "We used to have 75 percent of our employees in the big tech hubs. Now, that’s like 50 percent. That means we’ve gotten all these awesome people in these places who never would’ve joined Dropbox before at all levels." "We used to have 75 percent of our employees in the big tech hubs. Now, that’s like 50 percent. That means we’ve gotten all these awesome people in these places who never would’ve joined Dropbox before at all levels." The Expansion of the Nomadic Workforce Deel.com , the leading entity in this sector, has skyrocketed to a valuation of $12 billion with over $500 million in annual recurring revenue (ARR), achieving EBITDA positivity since September 2022. An impressive feat for a company founded in 2018. Deel.com Deel.com $12 billion $12 billion Deel simplifies hiring by acting as the employer of record, managing compliance with employment laws across over 150 countries. As Deel gears up for a potential IPO in 2025-2026 and continues acquiring HR platform providers, aiming to create a comprehensive one-stop shop for global corporate HR needs. IPO in 2025-2026 IPO in 2025-2026 Alex Bouaziz, Co-Founder & CEO of Deel, knows the complexities of managing online teams firsthand . Originally from France, he has lived in Israel, the U.K., the U.S., and Spain. His experience managing a high-pressure environment at YC, where team members are scattered across various countries, emphasizes the importance of self-care. firsthand firsthand Social and Safety Concerns in a Borderless World While the digital nomad lifestyle offers freedom and flexibility, it also presents unique challenges such as personal safety, which 26% of digital nomads reported as their top concern in 2023. This includes issues from health emergencies in foreign countries to physical security in less stable regions. A notable player here is SafetyWing.com, which specializes in global travel medical insurance. In April 2022, SafetyWing raised $35 million in a Series B round , reflecting its focus on expanding its offerings to meet the needs of both individual nomads and corporate clients. SafetyWing SafetyWing $35 million in a Series B round $35 million in a Series B round Its project, Plumia , is pioneering the concept of an "internet nation" – offering a social safety net and a digital passport to facilitate a fast-track visa process for digital nomads in over 10 countries. Or I would call it a B2G KYC provider, which helps countries attract talent to themselves. Plumia Plumia For developing countries, this talent arbitrage is a chance to attract wealthy foreigners ready to spend much more than the local population, while developed countries aim to fill gaps in fertility rates and youth outmigration. There are already 66 countries that issue digital nomad visas. Nation-states recognize nomads as a separate group и, возможно separate nation! The concept of a digital nomad nation is radical: a decentralized community that views nation-states as service providers, comparing them by the features they offer: climate, safety, taxes, access to community and finances, and even internet speed still matters. Sounds too rational, doesn’t it? But from the same rational perspective, we need to unite to create new structures for legal rights, community support, and cultural integration. 22% and 21% of nomads suffer from a lack of friends and loneliness. We simply need new ways to unite into groups. One of the startups addressing this problem for digital nomads is bubbleswitch.me – which instantly integrates into new cities and feels at home anywhere. This startup allows users to save and share favorite local spots and communities, effectively enabling them to "switch" social and cultural bubbles seamlessly. bubbleswitch.me bubbleswitch.me The Horizon Expands We stand on the brink of a revolution in work and citizenship. Digital nomads are thriving, redefining the global landscape on their own terms. In this narrative, companies like Deel, SafetyWing, and Bubbleswitch.me are crafting the very infrastructure of a digital nation, poised to become the next unicorns of the startup world.

Unicorns Crafting the Infrastructure for a Digital Nomad Nation

Know Your Customer (KYC) and Digital Identities technologies are two important elements in the process of customers’ verification. KYC is a process that companies and organizations use to verify their customers, ensure compliance with governmental regulations (like Anti Money-Laundering) and prevent cyber crimes like hacks and fraud. The existing popular KYC mechanisms often include checking physical documents, like government-issued passports, IDs,and utility bills, to confirm a customer’'s identity. Even though the current approach is well-tested and established, it has many different downsides: Cost-efficiency. According to KPMG, the biggest banks in the industry spend up to $500 million per year to improve and support their KYC and AML procedures. Maintaining KYC and AML procedures includes data collection, digitizing government-issued documents, which requires a lot of human effort. All this brings the costs of KYC and AML to incredibly high numbers.
Reliability. Users’ data must be stored somewhere, and in many cases, it’s not reliable enough. Just in January 2024, a leak in Binance lead to users’ KYC data being sold on the dark web. Any centralized data storage will always be under the risk of being hacked, since you only have to breach one exact storage to gain access to sensitive data. Is there an alternative? There is! A much more modern way to identify and store users’ documents is called Digital Identities, which uses cryptographic techniques to collect, store, and analyze sensitive data. Digital Identities technology includes electronic credentials, biometrics, and any other digital traits that can be helpful for identifying customers online. On-chain Digital Identities, meaning that the data collection and storage is happening directly on the blockchain, are significantly cheaper and more secure for companies because of the blockchain's incredibly low transaction fees and very high security level. The Current Use of Digital Identities Right now, Digital Identities are receiving more and more popularity as a modern solution to the problems of traditional KYC technologies. Many fields, including finance, healthcare, and e-commerce, are considering the integration of Digital Identities to improve and optimize user verification and enhance security. One very interesting use case of digital identities is DoorDash. When ordering alcohol, to verify the age of the customer, instead of manually checking the physical document every time, the customer uploads the digital version of their document, and the courier simply refers to a blurred version of the ID with only the photo and birth date. This is a perfect example of keeping the balance between privacy, and compliance. We see the trend of decentralization getting stronger in the data security sphere, and the KYC vs Digital Identities debate will definitely impact the future of how we manage our data. Reliability of Digital Identities One of the biggest differences between KYC and Digital Identities is the approach to storing the data. With KYC, the data is stored in a centralized database, meaning that the company collects the data from all users, and then stores it on one server, or in one cloud. With Digital Identities, it's a whole other story. The user's data is stored on the blockchain, all in different blocks. It means that a potential hacker will have to hack hundreds of blocks instead of breaching one database. Because of blockchain's inner security, digital identities are making sensitive data much more secure and hacks-proof. Moreover, users have much more control over their own data. As in the DoorDash example, the user only discloses what they want to (the age and the picture, blurring out everything else). Where’s the catch? Digitizing of any kind always means more potential control from the government or service providers. When everyone used cash, it was incredibly hard to track one’s transactions and purchases. When everyone used libraries instead of the internet, it was impossible to check the information one was looking for. As we digitize our documents, a possibility for government pressure, or fraud from digitizing providers occurs. Digital Identities can let autocracies control the population even more, by gaining 24/7 access to the digital versions of people’s documents. However, we firmly believe that this danger can’t stop progress. Even though the technology can be used for harm, it will still improve the lives of millions both customers and companies. What’s next The Digital Identities technology has gigantic potential, and has the opportunity to revolutionize the non-financial parts of our lives as well. For example, travel with digital identities can make us finally forget about visas, as all information, including our past travels, data, permits, and visas will all be stored on blockchain. Moreover, digital identities have the potential to revolutionize financial services by powering secure online transactions without the need for complicated paperwork in loan applications and financial verification. In the job market, they could make the  hiring processes much simpler, allowing for seamless online job applications and background checks. While the prospect of implementing digital identities brings exciting opportunities, it's essential to address associated challenges such as privacy considerations and the implementation of robust cybersecurity measures. Know Your Customer (KYC) and Digital Identities technologies are two important elements in the process of customers’ verification. KYC is a process that companies and organizations use to verify their customers, ensure compliance with governmental regulations (like Anti Money-Laundering) and prevent cyber crimes like hacks and fraud. The existing popular KYC mechanisms often include checking physical documents, like government-issued passports, IDs,and utility bills, to confirm a customer’'s identity. Even though the current approach is well-tested and established, it has many different downsides: Cost-efficiency. According to KPMG, the biggest banks in the industry spend up to $500 million per year to improve and support their KYC and AML procedures. Maintaining KYC and AML procedures includes data collection, digitizing government-issued documents, which requires a lot of human effort. All this brings the costs of KYC and AML to incredibly high numbers. Reliability. Users’ data must be stored somewhere, and in many cases, it’s not reliable enough. Just in January 2024, a leak in Binance lead to users’ KYC data being sold on the dark web. Any centralized data storage will always be under the risk of being hacked, since you only have to breach one exact storage to gain access to sensitive data. Cost-efficiency. According to KPMG , the biggest banks in the industry spend up to $500 million per year to improve and support their KYC and AML procedures. Maintaining KYC and AML procedures includes data collection, digitizing government-issued documents, which requires a lot of human effort. All this brings the costs of KYC and AML to incredibly high numbers. KPMG KPMG Reliability. Users’ data must be stored somewhere, and in many cases, it’s not reliable enough. Just in January 2024, a leak in Binance lead to users’ KYC data being sold on the dark web. Any centralized data storage will always be under the risk of being hacked, since you only have to breach one exact storage to gain access to sensitive data. Binance Binance Is there an alternative? There is! A much more modern way to identify and store users’ documents is called Digital Identities, which uses cryptographic techniques to collect, store, and analyze sensitive data. Digital Identities technology includes electronic credentials, biometrics, and any other digital traits that can be helpful for identifying customers online. On-chain Digital Identities, meaning that the data collection and storage is happening directly on the blockchain, are significantly cheaper and more secure for companies because of the blockchain's incredibly low transaction fees and very high security level. The Current Use of Digital Identities The Current Use of Digital Identities Right now, Digital Identities are receiving more and more popularity as a modern solution to the problems of traditional KYC technologies. Many fields, including finance, healthcare, and e-commerce, are considering the integration of Digital Identities to improve and optimize user verification and enhance security. One very interesting use case of digital identities is DoorDash. When ordering alcohol, to verify the age of the customer, instead of manually checking the physical document every time, the customer uploads the digital version of their document, and the courier simply refers to a blurred version of the ID with only the photo and birth date. This is a perfect example of keeping the balance between privacy, and compliance. We see the trend of decentralization getting stronger in the data security sphere, and the KYC vs Digital Identities debate will definitely impact the future of how we manage our data. Reliability of Digital Identities One of the biggest differences between KYC and Digital Identities is the approach to storing the data. With KYC, the data is stored in a centralized database, meaning that the company collects the data from all users, and then stores it on one server, or in one cloud. With Digital Identities, it's a whole other story. The user's data is stored on the blockchain, all in different blocks. It means that a potential hacker will have to hack hundreds of blocks instead of breaching one database. Because of blockchain's inner security, digital identities are making sensitive data much more secure and hacks-proof. Moreover, users have much more control over their own data. As in the DoorDash example, the user only discloses what they want to (the age and the picture, blurring out everything else). Where’s the catch? Digitizing of any kind always means more potential control from the government or service providers. When everyone used cash, it was incredibly hard to track one’s transactions and purchases. When everyone used libraries instead of the internet, it was impossible to check the information one was looking for. As we digitize our documents, a possibility for government pressure, or fraud from digitizing providers occurs. Digital Identities can let autocracies control the population even more, by gaining 24/7 access to the digital versions of people’s documents. However, we firmly believe that this danger can’t stop progress. Even though the technology can be used for harm, it will still improve the lives of millions both customers and companies. What’s next The Digital Identities technology has gigantic potential, and has the opportunity to revolutionize the non-financial parts of our lives as well. For example, travel with digital identities can make us finally forget about visas, as all information, including our past travels, data, permits, and visas will all be stored on blockchain. Moreover, digital identities have the potential to revolutionize financial services by powering secure online transactions without the need for complicated paperwork in loan applications and financial verification. In the job market, they could make the  hiring processes much simpler, allowing for seamless online job applications and background checks. While the prospect of implementing digital identities brings exciting opportunities, it's essential to address associated challenges such as privacy considerations and the implementation of robust cybersecurity measures.

Can I Identify Myself as Digital, Please?

Welcome to HackerNoon’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. 1. What is your company in 2–5 words? Digital product agency disrupting healthcare. 2. Why is now the time for your company to exist? There is no denying that the pace of innovation and technology has accelerated in the last decade. However, the healthcare industry has not evolved as quickly as other industries. It faces unique challenges, like a lack of agility, strict regulations, antiquated processes, and slow innovation. Although there are many people in the sector working to improve quality and accessibility, systemic problems and financial interests limit what can be achieved. Our strategy is to bring agility to this setting by using our knowledge of technology, user-centric approach, and in-depth knowledge of the business to create software that is strategically planned, scalable, and cleverly constructed. 3. What do you love about your team, and why are you the ones to solve this problem? When we first set out, we were quite excited about developing digital solutions that prioritized the needs and wants of users and delivered genuine value. By then, we collaborated with businesses in every sector of the economy, including real estate, retail, food, entertainment, agronomy, retail, and finance. Even though we've produced incredible products and gained a lot of knowledge from the process, we believed that focus and mission were still lacking. In 2020, during the pandemic, we made a strategic shift and decided to focus 100% on healthcare, allowing us to fully immerse ourselves in the industry, gain specialized knowledge, and, most importantly, have a shared, meaningful purpose. This change gave our entire team a compelling mission and a defined path. Who wouldn't find satisfaction in working on initiatives for a sector of the economy that ultimately saves lives? I guess that’s what I love most about the team and why we are the ones who solve problems. We’re a team of focused, knowledgeable, and creative people with a shared purpose: improving healthcare. 4. If you weren’t building your startup, what would you be doing? I would probably be building another startup. I’ve been an entrepreneur since I was a teenager, so I’m sure that if Light-it had not succeeded, I would be building something else. 5. At the moment, how do you measure success? What are your metrics? We work with OKRs (Objectives and Key Results), and they are measured quarterly. We have company-wide OKRs and OKRs per department. They help us stay aligned with the same goals quarter to quarter. 6. In a few sentences, what do you offer to whom? In broad terms, we partner with our clients to help them ideate, design, and develop healthcare digital products. The challenge we resolve is the lack of expertise in developing healthcare software with a product mindset and keeping strategy, budget, compliance, and user experience in mind.  There are hundreds of software development firms with no experience in healthcare, which can lead to short-term gains at the expense of long-term scalability and maintenance. We at Light-itadopt a unique strategy. We follow industry best practices, implementing scalable models across several platforms and providing end-to-end product development services with extensive user experience support and consulting. Since we have an agile approach, startups are our bread and butter. Nevertheless, our interactions with health systems have also been excellent. Our introduction of an agile vision and innovative mindset has been extremely effective in these circumstances, given their customary bureaucratic and slower ways. Finding a reliable partner is usually difficult for a healthcare organization, but finding someone who can offer both high-tech development and strategic advice is much more difficult. That's what makes us unique. 7. What’s most exciting about your traction to date? **Light-it'**s traction has been steadily growing year after year, an incredibly encouraging trend. Last year was particularly exciting for us as we forged partnerships with industry giants like ABInBev Foundation, the world's largest beer company, and Inviza, a groundbreaking RPM and DTX product for the US Air Force.  These collaborations are not only about business and transactions – they validate our position as leaders in our field and serve as a powerful encouragement to continue our hard work. 8. Where do you think your growth will be next year? We have been collaborating with startups, supporting them through the entire product development process, from launch to scaling. Now that we are collaborating with Health Systems, we plan to continue doing so because we have seen such a positive impact. We don't intend to expand the company too quickly because, as a team, we want to keep our boutique approach. We aim to keep our crew size between one hundred and two hundred. We always have new projects coming up. In my opinion, one of the biggest promises in health technology is generative AI. Puppeteeris a spinoff company we launched last year, and it is the result of the realization that 2024 was going to be the year of generative AI and that humanity will either have to accept it or perish. Our first round is presently being raised, and we have high hopes for it this year. Regarding our long-term future, Light-it's DNA will always embrace new technologies and pathways, so who knows what else might emerge! "You win, or you learn" strikes a chord with me. Every new endeavor, whether it succeeds or fails, adds to our development and resiliency. I'm committed to establishing a positive work environment that prioritizes curiosity, boldness, ownership, and dedication to ongoing development while also considering the well-being of our team. 9. Tell us about your first paying customer and revenue expectations over the next year. The first paying customers we had were family members and friends building e-commerces. Since then, we’ve worked with startups from pre-seed to Series D, with Fortune 500s and some of the biggest health systems in the world! In terms of revenue, we expect to keep growing at the rate of 50% per year. 10. What’s your biggest threat? We have all heard that AI will replace software engineers, so I guess that should be my biggest thread as a software development company owner. Still, I’m convinced that our team has minds that no AI can substitute: Empathy, strategy, and creativity are some of the skills needed in a product team that AI can't substitute. Would you like to take a stab at answering some of these questions? The link for the template is HERE. Welcome to HackerNoon’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. Welcome to HackerNoon ’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. HackerNoon The link for the template is HERE. 1. What is your company in 2–5 words? Digital product agency disrupting healthcare. 2. Why is now the time for your company to exist? There is no denying that the pace of innovation and technology has accelerated in the last decade. However, the healthcare industry has not evolved as quickly as other industries. It faces unique challenges, like a lack of agility, strict regulations, antiquated processes, and slow innovation. Although there are many people in the sector working to improve quality and accessibility, systemic problems and financial interests limit what can be achieved. Our strategy is to bring agility to this setting by using our knowledge of technology, user-centric approach, and in-depth knowledge of the business to create software that is strategically planned, scalable, and cleverly constructed. 3. What do you love about your team, and why are you the ones to solve this problem? When we first set out, we were quite excited about developing digital solutions that prioritized the needs and wants of users and delivered genuine value. By then, we collaborated with businesses in every sector of the economy, including real estate, retail, food, entertainment, agronomy, retail, and finance. Even though we've produced incredible products and gained a lot of knowledge from the process, we believed that focus and mission were still lacking. In 2020, during the pandemic, we made a strategic shift and decided to focus 100% on healthcare, allowing us to fully immerse ourselves in the industry, gain specialized knowledge, and, most importantly, have a shared, meaningful purpose. This change gave our entire team a compelling mission and a defined path. Who wouldn't find satisfaction in working on initiatives for a sector of the economy that ultimately saves lives? I guess that’s what I love most about the team and why we are the ones who solve problems. We’re a team of focused, knowledgeable, and creative people with a shared purpose: improving healthcare. 4. If you weren’t building your startup, what would you be doing? I would probably be building another startup. I’ve been an entrepreneur since I was a teenager, so I’m sure that if Light-it had not succeeded, I would be building something else. Light-it Light-it 5. At the moment, how do you measure success? What are your metrics? We work with OKRs (Objectives and Key Results), and they are measured quarterly. We have company-wide OKRs and OKRs per department. They help us stay aligned with the same goals quarter to quarter. 6. In a few sentences, what do you offer to whom? In broad terms, we partner with our clients to help them ideate, design, and develop healthcare digital products. The challenge we resolve is the lack of expertise in developing healthcare software with a product mindset and keeping strategy, budget, compliance, and user experience in mind.  There are hundreds of software development firms with no experience in healthcare, which can lead to short-term gains at the expense of long-term scalability and maintenance. We at Light-it adopt a unique strategy. We follow industry best practices, implementing scalable models across several platforms and providing end-to-end product development services with extensive user experience support and consulting. Light-it Since we have an agile approach, startups are our bread and butter. Nevertheless, our interactions with health systems have also been excellent. Our introduction of an agile vision and innovative mindset has been extremely effective in these circumstances, given their customary bureaucratic and slower ways. Finding a reliable partner is usually difficult for a healthcare organization, but finding someone who can offer both high-tech development and strategic advice is much more difficult. That's what makes us unique. 7. What’s most exciting about your traction to date? **Light-it'**s traction has been steadily growing year after year, an incredibly encouraging trend. Last year was particularly exciting for us as we forged partnerships with industry giants like ABInBev Foundation, the world's largest beer company, and Inviza, a groundbreaking RPM and DTX product for the US Air Force.  These collaborations are not only about business and transactions – they validate our position as leaders in our field and serve as a powerful encouragement to continue our hard work. 8. Where do you think your growth will be next year? We have been collaborating with startups, supporting them through the entire product development process, from launch to scaling. Now that we are collaborating with Health Systems, we plan to continue doing so because we have seen such a positive impact. We don't intend to expand the company too quickly because, as a team, we want to keep our boutique approach. We aim to keep our crew size between one hundred and two hundred. We always have new projects coming up. In my opinion, one of the biggest promises in health technology is generative AI. Puppeteer is a spinoff company we launched last year, and it is the result of the realization that 2024 was going to be the year of generative AI and that humanity will either have to accept it or perish. Our first round is presently being raised, and we have high hopes for it this year. Puppeteer Regarding our long-term future, Light-it's DNA will always embrace new technologies and pathways, so who knows what else might emerge! "You win, or you learn" strikes a chord with me. Every new endeavor, whether it succeeds or fails, adds to our development and resiliency. I'm committed to establishing a positive work environment that prioritizes curiosity, boldness, ownership, and dedication to ongoing development while also considering the well-being of our team. 9. Tell us about your first paying customer and revenue expectations over the next year. The first paying customers we had were family members and friends building e-commerces. Since then, we’ve worked with startups from pre-seed to Series D, with Fortune 500s and some of the biggest health systems in the world! In terms of revenue, we expect to keep growing at the rate of 50% per year. 10. What’s your biggest threat? We have all heard that AI will replace software engineers, so I guess that should be my biggest thread as a software development company owner. Still, I’m convinced that our team has minds that no AI can substitute: Empathy, strategy, and creativity are some of the skills needed in a product team that AI can't substitute. Would you like to take a stab at answering some of these questions? The link for the template is HERE. Would you like to take a stab at answering some of these questions? The link for the template is HERE. The link for the template is HERE.

Light-it: Empowering Healthcare through Purpose-Driven Digital Solutions

Digital Stewardship: Navigating the Information Security Career Landscape Amid Rising Online Abuse

DIGITAIL

digitail.io

51-200 employees

Since 2016

COMPANY RANKING

DIGITAIL

EVERGREEN INDEX #2718

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Digitail WIKI

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DIGITAIL

digitail.io

51-200 employees

Since 2016

COMPANY RANKING

DIGITAIL

EVERGREEN INDEX #2718

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STORIES ABOUT DIGITAIL

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