aly and SKChain Advisors Build EU Digital Identity Product on World Mobile Chain
PricewaterhouseCoopers (PwC) in Italy is teaming up with blockchain consultancy firm SKChain Advisors to create a European Union (EU) digital identity product.
The product will enable European companies and their customers to seamlessly access any digital platform they choose, including those in the world of Web3.
Announced via email on Monday, the initiative is being developed on World Mobile Chain, a layer-3 network built on Coinbase's Ethereum layer-2 Base, and will utilize self-sovereign identity (SSI) technology.
SSI is a decentralized form of identity that empowers individuals and organizations to own and manage their digital identities without relying on third parties.
Blockchain technology serves as the foundation for SSI, enabling the secure distribution and storage of users' data, eliminating the need for centralized identity providers.
The basis for PwC Italy and SKChain's product is the EU's digital identity regulation eiDAS 2.0 and the European Digital Identity (EUDI) wallet that it introduces.
EiDAS aims to establish an EU-wide framework for digital identity to access services and carry out electronic transactions in a seamless manner.
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