World Economic Forum-Backed Digital ID App Taps Hedera (HBAR)

In a recent video, a crypto analyst argued that Hedera Hashgraph’s HBAR token is quietly sitting at the center of one of the most politically charged use cases in fintech: global digital identity.

Drawing heavily on World Economic Forum (WEF) materials and Hedera ecosystem links, the host claims that a new WEF-highlighted identity app, AID:Tech, is building on Hedera and could become a core infrastructure layer for digital IDs worldwide.

World Economic Forum’s Spotlight On AidITech & HBAR

Analyst Aiman ‘AiMan’ Mufleh anchors the video on a WEF article titled along the lines of “1 billion people have no legal identity,” which discusses a new app designed to give people verifiable digital identities.

According to the host, that app is called AID:Tech and is described as a personal legal-identity solution aimed at the “under-represented across Asia and all over the world.”

AiMan says AID:Tech is backed by Algorand, Ava Labs, and the Hedera HBAR Foundation, emphasizing that the project lists itself as a “grant recipient” of the Hedera Foundation.

The video further asserts that Hedera has confirmed AID:Tech is launching on HBAR Network and “using Hedera’s technology on the backend to drive financial inclusion.”

If accurate, that would place Hedera infrastructure behind a WEF-promoted identity initiative targeting populations without formal IDs — a long-standing policy focus for the organization.

Digital IDs Beyond Apps: From Devices To The Metaverse

Aiman Mufleh links this to broader WEF research on “advancing digital agency” and digital IDs in everyday life, citing forum reports that explore identity credentials across healthcare, finance, travel, telecoms, e‑commerce, and smart cities.

The analyst highlights one particularly controversial angle from those materials: a future where IDs are not just in apps and browsers but “embedded in your body,” devices, homes, cameras, and AI agents.

Within that context, he frames Hedera as a technical fit for large-scale identity infrastructure.

The network’s software development kits for decentralized identifiers (DIDs) and verifiable credentials are presented as the reason “why Hedera” is suited for WEF-style digital ID systems, with the host claiming it is “one of the only networks” capable of handling global scale.

Mr. AiMan also references other Hedera-linked identity efforts: REPSOL in the global energy sector, and an application called ID Truss, said to be launched by the “Hashgraph Group” and “owned by Hedera,” aimed at secure authentication for individuals and institutions.

Strategic Stakes For HBAR Network & HBARians

While the video does not dwell on price charts or short‑term trading signals, it implicitly positions digital identity as “one of the biggest use cases for Hedera HBAR.”

The suggestion is that if WEF-backed identity apps like AID:Tech scale, HBAR could sit behind KYC, access control, and verification across multiple industries, including an eventual metaverse layer where “digital AI agents and normal people” both require persistent identities.

For investors, the signal is not a near-term catalyst but a structural narrative: Hedera as infrastructure for state – or institution-aligned identity rails. That carries upside in terms of enterprise adoption, but also regulatory and political risk if digital ID systems become contested in public debate.

The video’s core takeaway is simple: beyond token price volatility, HBAR’s long game may be tied to whether global digital ID schemes actually materialize on Hedera’s rails.

Discover DailyCoin’s hottest crypto news now:
Grayscale Hears ‘Second Most Asked-About Crypto’ — It’s XRP
Cardano Price Compresses: Pump Phase Loading For $3 ADA?

People Also Ask:

Did the World Economic Forum explicitly name Hedera as its digital ID provider? The analyst cites a WEF article highlighting AidITech and then connects AidITech to Hedera through grants and launch details; the direct WEF–Hedera link is inferred from those relationships.

What role does Hedera play in these identity projects, according to the video? The host says Hedera provides the back-end network and tooling for decentralized IDs and verifiable credentials used by apps like AidITech and ID Truss.

Are these digital ID systems live at scale yet? Aiman Mufleh describes them as emerging solutions and “launching on Hedera,” with the emphasis on future potential rather than current mass deployment.

DailyCoin’s Vibe Check: Which way are you leaning towards after reading this article?

Bullish Bearish Neutral

Market Sentiment

100% Bullish