The savings for the average joe would be substancial. Information storage presently is a nightmare. Ever loose a hard copy of a legal document, no fun getting a new one, as other legal documents are needed to prove who you are to get the one you lost. Driver's License, same thing, need a title search, first you need to cough up 3-4 hondred dollars. Every document that gvt agencies holds for you, increases the risk of identity theft, and are expensive to replace both $ and more importantly time. You want to experience a gvt agency nightmare, visit a New Jersey Division of Motor Vehicle office.
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That's exactly the main issue this project addresses. The bureaucracy and risks linked with the current system to manage data is too slow, too expensive and too risky.