Web3, PwC, Italy, Digital Identity, Self-Sovereign Identity, EU The product will allow European firms and their clients to securely entry digital platforms together with these on the earth of Web3.
The Italian division of PricewaterhouseCoopers (PwC) mentioned is constructing a European Union (EU) digital identification product alongside blockchain consultancy agency SKChain Advisors.
The product beneath growth will allow European firms and their clients to securely entry digital platforms together with these on the earth of Web3, in accordance with an emailed announcement on Monday.
Developed on World Mobile Chain, a layer-3 community constructed on Coinbase’s Ethereum layer-2 Base, the product will use self-sovereign identification (SSI) know-how. SSI is a decentralized type of identification that provides customers full management of their information moderately than handing it to 3rd events.
Blockchain know-how underpins SSI in that it permits for customers’ information to be distributed and saved securely, eradicating the necessity for centralized identification suppliers.
The foundation for PwC Italy and SKChain’s product is the EU’s digital identification regulation eiDAS 2.0 and the European Digital Identity EUDI) pockets that it introduces.
EiDAS goals to ascertain an EU-wide digital identification framework for accessing providers and making digital transactions.
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