This article summarizes and comments on a recent McKinsey report on digital identity (previously covered here). The focus here is on identity as commodity. "McKinsey estimates that over half the economic value of digital ID will accrue to individuals in a variety of roles including consumers, workers, and asset owners. The remaining economic value flows to the private- and public-sector institutions with which the individuals interact, such as providers of goods and services, employers, and suppliers of government benefits." I think that's very optimistic; we haven't seen half the value of anything accruing to individuals recently.