A new roadmap has been released by techUK, calling for the implementation of trusted and reusable digital IDs to combat fraud and facilitate secure transactions in the UK’s emerging £100 billion digital asset economy.
Entitled “2030 Vision: A Roadmap for Building a Digital Assets Economy,” the latest report from techUK outlines how the UK can establish itself as a global leader in digital assets and blockchain by 2030. This move has been applauded by Umazi, a leading provider of digital identity verification solutions.
The report projects that by 2030, UK digital exchanges will see an annual trade of £100 billion in tokenized real-world assets, and one-fifth of commercial real estate and private funds will be tokenized. It also highlights the crucial role of trusted, identity-based systems in reducing fraud, which has become a pressing issue with the recording of £51.3 billion in illicit crypto transactions in 2024.
Cindy van Niekerk, CEO of Umazi, described the report as “eye-opening” and a significant step towards establishing trust in the rapidly evolving digital economy.
Van Niekerk stated, “The UK has the potential to lead the way in blockchain and digital assets, thanks to our strengths in financial services and innovation. By leveraging these strengths, we can shape decentralized technologies that will define the next generation of secure transactions.”
techUK’s roadmap places a strong emphasis on digital identity and verification as the cornerstone of a resilient digital asset ecosystem. Umazi’s decentralized digital corporate identification platform enables reusable and verifiable business identities, making programmable finance, payments, and fraud prevention both secure and compliant.
Van Niekerk added, “Building a trusted digital infrastructure with verified participants is no longer an option; it is a fundamental requirement. Decentralized digital identity will soon become commonplace, reducing identity fraud, cutting onboarding friction, and paving the way for automated compliance.”
She further noted that Umazi’s mission aligns directly with techUK’s vision for trusted corridors that enable secure digital asset transfers.
“To achieve the UK’s 2030 goal of a trusted digital economy, a portable trust infrastructure is necessary,” she said. “Reusable Know Your Business (KYB) and Know Your Customer (KYC) technologies, built on decentralized identity frameworks, will play a crucial role in fighting data leaks and fraud. Umazi is already spearheading the practical adoption of these solutions in the finance sector and beyond.”
Through its work in programmable payments, distributed ledger technology, and fraud prevention, Umazi is playing a pivotal role in building decentralized corporate identification systems that will form the foundation of a secure, transparent, and resilient digital economy.
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About Umazi
Umazi is revolutionizing corporate due diligence with its AI-powered, Web3-enabled compliance and identity platform. By offering reusable digital identity solutions, real-time AI-generated risk assessments, and automated compliance orchestration, Umazi significantly reduces compliance costs, speeds up onboarding, and fosters trust through verifiable credentials. Its decentralized trust network ensures seamless and secure identity verification across various industries.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.