- Privado ID’s partnership with Telefonica Tech goals to speed up the adoption of privacy-focused and compliant digital identities for customers within the European Union.
- This collaboration comes at a time when the European Union is getting ready elDAS2, a significant regulation on digital identification.
Telefonica Tech, the digital enterprise arm of Spanish telecommunications large Telefonica Group, is collaborating with Privado ID to advance privateness expertise and drive privateness adoption. Digital Identity all through the European Union.
Privado ID, previously often known as Polygon ID, will leverage TrustOS, a blockchain service managed by Telefonica Tech, to strengthen its verifiable credential providing, the 2 corporations stated in an announcement. Press release,
“We’re delighted to combine Privado ID expertise with our TrustOS platform, additional driving the adoption of digital identification options that guarantee strict compliance with eIDAS 2 necessities,” stated José Luis Núñez, International Head of Blockchain and Web3 at Telefónica Tech.
EU eyes digital ID market
This strategic alliance comes at a time when the European Union is getting ready for the European Digital Identification Regulation, also referred to as elDAS2. This regulation gives for the implementation of necessary tips for EU international locations to offer digital ID wallets to residents.
eIDAS2 seeks a standardized framework that may allow EU residents, residents and residents to profit from digital identification. This additionally means the adoption of compliant identification options, a market that Telefonica Tech and Privado ID are eyeing with this partnership.
“Empowering giant corporations to reliably combine progressive applied sciences, like our superior zero-knowledge proof-based digital identification platform, is the important thing to driving widespread adoption of self-sovereign identification,” stated David Schwartz, Chief Govt Officer of Privado ID.
Focused use instances embrace recognition, digital nationwide identification playing cards, e-signature options, and privacy-preserving loyalty packages, amongst others.
