Crossing borders - with a bicycle made for two

The bicycle-made-for-two (employer and employee) is the Trust Infrastructure with credentials in wallets for both the employee and for her/his employer.

In this successful case lead by Finnish Tax and supported by Findynet and used in EWC where Bosch opened a bank account from Germany in Finland. Goes as follows:

1. Bosch employee has wallet and asks German identification credential supplier and logs in to Finnish e-bank (who can verify with German source) and
2. continues by stating that he is representing Bosch and is there to open a bank account and
3. continues by stating that the bank can ask for an identication credential of Bosch and his power-to-act credential from the German Trade registry. 
4. Easy for bank to comply with anti-money laundering rules - in close to real time

One slide here: https://www.linkedin.com/posts/bo-harald-4768b51_activity-7292079116839718912-7Fse?utm_source=share&utm_medium=member_desktop

For any one familiar with the nuisance of proving the power-to-act for staff it is easy to identify any number of situations where the g e n e r a l purpose tools for both  - and the trading partner (be it a bank, a supplier, a customer, a public sector organisation, a third sector organisation..) delivers huge cost and time savings and so much better risk management.  

Wake-up call for banks for sure.

Can of course also be used for empowering robots and organisation AI agents.