The risk that any government can take in trying to implement something like this is to do a complete revolution in the way things are done. Then to try to embed everything in one area is heaven for hackers, in a way, who can get all the information they need from one place. The moment they break into the system, everything is beyond cost or beyond any economic measure that you can ever put there.
From your information—I read your opening statement, and I listened to it—are there any concrete examples to indicate that the proposed system is superior to what we or other countries use at the moment? Is there any evidence that going that route is better, rather than staying with the current system?