What will result from this? Will it be good or bad? I wait to be informed. I’ll ask an economist I know and trust.
Later: My economics guru convincingly declares that this is bad because it increases the power of government. Government should not know so much about what you do. His opinion is an endorsement of my own first - uncertain - thought. And he is as surprised as I am that it has been pioneered by Israel, not a country one expects to favor authoritarianism.
Other countries will follow this lead. Every country in the world is over-governed. New technologies continually increase government power.