Thank you, Justin. And good morning, everybody. And I'm very proud to kick off this track. And I want to give you a brief introduction about myself. From my background, I'm a medical doctor and I worked in healthcare IT and eHealth for 30 years. And six years ago or seven years ago, I shared a vision with my co-founder, Beatrix Weiss, to enable people to share their data self-determined. And we found a community. And as a wallet application company, we ended business last year. And now I brought the team into the wallet experts.
And we bring all our expertise of the last years, focusing in domain insurance and healthcare. So that is what I bring with into this speech. And as a startup company, and as somebody who really worked with different stakeholders in different markets, I always see that the user experience and the perspective of a user is relevant. And if we see what we need to focus on is that there is a change. There's a change. Users want to go mobile. They don't think in sectors. They are thinking corporation and they don't think in products. So they need to be convinced to use technology in new ecosystems.
So what is the ecosystem? The ecosystem is somebody who is driving not only a product, much more a relationship between different stakeholders. And he's responsible for data sharing as well. And if we see what it's the different domains, how they are today captures this challenges, then we see the life experience of every user in these different domains or in these different life areas. It's very different, but it's still designed by existing products and ecosystems. So what's relevant in this is that these kind of ecosystems are still in place. They have their own rules.
They have their own technology. They have their own governance. And of course, they have their own roadmap and they invest a lot of money into build up infrastructure. So what we do now is that we come with a real new approach to implement new infrastructure and new governments. And of course, a tool which enables citizens to share data on a new way and really self-determined. If we speak about European Digital Identity Wallet, we speak in Europe about an approach which is very from the bottom, not from the bottom, I don't find a word for this now, it's an approach really government driven.
But on the other hand, we bring with this campaign in Europe a lot of features with. It's not only a question of how to identify people in the future very easier and trans-sectoral with a new personal identity card approach and how we can boost contracting with digital signatures. It's much more a tool set of features which allows ecosystems to create news cases. Why? Because we speak about ecosystem of digital proof. We speak about the question how to share different attributes. So it's much more than identification and authentication.
It's a real experience what we can create if we use this approach and bring attributes into the wallet and make it shareable for the users in different kind of use cases. So if this is our idea and our decade project for the next decade, then it's relevant to see that there are a lot of other campaigns going on in Europe, only one, and they have the same idea to share data. So this is one initiative of the European Union in one domain. It's only the insurance domain and it follows the PSD2 campaign in banking, in insurance, and it's the open data API approach.
So this is a competition at the end if insurance and our ecosystem use this kind of data sharing model. You see it's very different to the wallet model, but it has the same similar roles in it. Or if the relevant stakeholders decide to use the European Digital Identity Wallet infrastructure to create news cases. So in Germany we are very proud to have the German wallet project. That means we have a campaign of the government to really organize the introduction of the European Digital Identity Wallet. And there's a project going on which includes all the relevant stakeholders in Germany.
And here we see that we discuss value proposition very strongly, because we know that value proposition is really the entering point for the market adoption which is necessary to change the mindset of existing ecosystems to use these new technologies. And if we speak about convincing stakeholders, then we try to bring these organizations and the users and the stakeholders in the future roles as an issuer, as a relying party, and we try to make sure that they will have real value if they use the European Digital Identity Wallet. But my question is, is this really effective?
Is this really effective to convince ecosystem to really go to every stakeholder and every user to convince them? So I want to explain this thesis and the answer of the question in a perspective of an existing ecosystem.
And okay, I'm coming from healthcare, that's the reason I focus on the germ healthcare system, which is relevant in the digitalization of everybody, because it's access to the health record, e-prescribing and so on. And it's existed since 20 years. And it started with a domain infrastructure, their own infrastructure closed by connectors using cards like health professional cards for doctors or health insurance cards for the patients, and organize everything with their own public infrastructure and so on.
So this is an existing ecosystem and this need to be convinced to use the European Digital Identity Wallet, because in a Roman empire, we would say German telematic infrastructure and the internet is a Gaelic village. So it's really a question of control, question who is responsible for security and so on. And now we come with a real open approach, with the open design of an open ecosystem for the European Digital Identity Wallet. So I'm a doctor and I like multiple choice questions for my examination.
So my question to you is, what do you think, what needs to happen so that the use case like e-prescribing, you can either use a wallet to transport information from a doctor to a pharmacist to get a medication for a patient. What do you think, what is the right way to really change the game? Today it's based on central databases, on central designed applications. And the question is, what do you think, what's the right answer? So now it's up to you, raise your hand for A. Who's for A?
Oh, it's one person is for A. Who is for B?
Oh, only one person for B. Who is for C?
Okay, three, four, so much more. And who is for D?
Oh, and C, D. Okay, now who is for E?
Okay, it's interesting. Somebody for F?
Okay, Steffen Schwein, okay. So in my opinion, the right answer is D. But the reason for that is that I believe in diseases. There's often one player or only a few that defines the rules of an ecosystem. And it's not the doctors and not the pharmacists or not hospitals who are really relevant in this case.
Okay, they are stakeholders of the digital agency of the Gematik, which is the digital agency of Germany. I forgot to explain that before. So I believe if we convince Gematik as an agency with control the infrastructure on the system to use the European Digital Identity Wallet, every stakeholder in the community follows this approach. So if this is right, then the question is how we can create value for them. So in the project of the German Digital Identity Wallet, we discuss, of course, value proposition design.
And everybody of you, I think so, knows the Canvas model of pains and gains and pain reliever and gain creators. So the question is, do we have pains? And can we identify pains and gains of these relevant players like an agency of the Gematik? So they are on the way to change the telematic infrastructure from a domain-specific network to a zero-trust infrastructure using the internet. And it's very, very, very interesting. Now using the internet to create trust and to integrate the different stakeholders like doctors, hospitals and patients into the systems.
So on this way, I know that the European Digital Identity Wallet infrastructure is not part of the roadmap today. So if we need to convince them, they have two problems. One of them is the cost drivers of centralized data management. All applications like patient record, e-prescribing, invoicing, everything is in central designed application with a lot of security components around to secure the data in special infrastructures.
So if we can convince them to reduce cost by using the European Digital Identity Wallet infrastructure and the design principles of decentralization, then it would be helpful for them. And the second question is availability. It's a very complex system, which different components, which are all centralized today, and they fail every day. It's an everyday problem to get access to the healthcare record or to the e-prescribing system, to availabilities.
So if we are able as a community to convince an agency like Gematic to reduce cost and increase availability, then I will be sure that they will follow the European Digital Identity Wallet approach. So that is my conclusion and my issue or my one sentence for this conference.
So if we want to change the mindset of the relevant person, then let us identify the relevant stakeholders who decide about architecture, find out their pains, create the pain relievers, and find out their gains, define the gain creators, and then influence these stakeholders to adapt the system and to manage the infrastructure in the next years on a new decentralized way. Thank you very much for your attention and have a nice conference. I have no control about my time. Thank you very much. You've got time. We've got time for taking questions. So we don't have questions in the tool.
So are there any questions in the room? Thank you. I'm Mirella with the Papers, a financial publication. I'm not an expert in identity, so disclosure if I ask a silly question.
If, okay, the success factor for implementing the Digital Identity Wallet would be something like a champion, one organization or a representative, what happens if things go wrong? Where do liabilities go? It's the problem of these stakeholders as well. So if somebody goes wrong today in the e-health sector in Germany, then GEMATIC failed.
Okay, but that's their responsibility, but it's the opportunity to support them. So, and make sure, availability and cost reduction is not the same value for all domains. So you need to identify in the finance or the banking area, what is the problem this ecosystem has and who is responsible for this problem. This could be something else. So at the end, it's only an example because these are the existing and actual problems of the healthcare sector in Germany.
Yeah, and I'm also curious, also for this champion, it seems like a big responsibility, especially in healthcare. I think that it is quite a risk-averse industry. Would they want to, yeah, be the champion of all this, taking into account the risk? Absolutely. In banking, we have a shared responsibility. Sometimes we have a regulation office in Germany with a Buffin, but the ecosystem is created by the banking by themselves. They design the finance digitalization of their customers by themselves. So at the end, it's a question is to find the right person.
If you say e-commerce, it's a lot of different actors in competition. Who is relevant to convince Amazon to use the European Digital Identity Wallet or somebody else in this area? So it's relevant to identify the drivers in the ecosystem to convince them. Thank you. We've got time for one further question.
Three, two, one. Okay. Then I would thank you, Dominic, again.
