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NDID stands for National Digital ID. It is the identity of the user in the digital world. For example, our identity in the real world is an ID card. NDID is like an online ID card, allowing you to conduct various online transactions, such as opening an online deposit account or applying for a loan online, without having to go to a bank to verify your identity for service.
NDID registration can be done in a variety of ways depending on the provider. Details can be obtained from the bank with which you use the service, including
bank counter
bank application
The design principle of the NDID system is data security and privacy by design. It is a highly secure service with encryption for data transmission. and the system has no centralized storage The data remains with the data protection and customer service authorities. The system is designed under the concept of decentralization with Blockchain technology. The administrator is National Digital ID Company Limited. They will not be able to see any customer data. National Digital ID Company Limited is a joint venture between Thai commercial banks, securities companies, fund management companies, life insurance companies, non-life insurance companies, electronic payment service companies, the Stock Exchange of Thailand, and Thailand Post, totaling more than 60 companies. which each company is under supervision. This ensures that those entities and companies are required to comply with all applicable laws and regulations regarding information security.
The NDID Ecosystem method compared to the current method that uses hardcopy documents to apply for services is significantly more secure. When using the service and studying the complete information, you will find that using the NDID service is more convenient and safer.
according to the terms of the service provider. There is usually no cost to register.
For users, there is no charge for using NDID afterward.
If the service user receives a notification to verify their identity to activate the service, the user should check that it is a request for identity verification that is the service that the customer has applied for.
Reference : www.ndid.co.th
