Ann Cairns was speaking to CNBC at Mobile World Congress in Barcelona, Spain.
The pace with which we are moving toward the internet of things is"very rapid" but we"can't have the internet of everyone without the inclusion of everyone," according to the vice chairman of payments giant Mastercard. "You have to start focusing on how does the human get involved, and that's going to be through having a digital identity," Ann Cairns told CNBC's Karen Tso on Monday at the Mobile World Congress in Barcelona.
With our lives becoming increasingly digitized, the amount of personal data we are sharing online – think medical records, banking details and shopping orders – has raised concerns about privacy. Last year, the European Union sought to introduce tougher rules on people's information through its General Data Protection Regulation . This new legislation introduced"one set of data protection rules for all companies operating in the EU, wherever they are based.
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