Join the Community

23,994
Expert opinions
40,646
Total members
356
New members (last 30 days)
208
New opinions (last 30 days)
29,267
Total comments

Thoroughly about EU organisation wallets (EUBWs for all)

Very good work by https://www.linkedin.com/company/go-eidas-ev/posts/?feedView=all. Emphasis mine and my comments at +++.Go-EIDAS invites you to expand further.

“Within the recent launch of the Competitiveness Compass for the EU the European Commission announced its plan to augment the existing legislation around digital identity and trust, as laid down in the eIDAS-regulation (EU) No 910/2014 for example, by introducing the European Business Wallet (EUBW), which is envisioned to complement +++rather say only way to get a critical mass of credentials streams to motivate taking wallets in use in the first place. And that organisation wallets are available from the markets and are easy to take in use+++

initiatives around the European Digital Identity Wallet (EUDIW) and become the cornerstone of doing business simply and digitally in the EU, providing a seamless environment for companies to interact with all public administrations. +++ and with wallets deployed by other enterprises as suppliers/customers/partners and with citizens as employees and customers – and their wallet-carrying AI-agents+++


EU Business Wallet System Architecture


As outlined in the following figure and explained in a first discussion paper, the EU Business Wallet is embedded in a system architecture, with an overarching Trust Framework defined by the eIDAS-regulation (EU) No 910/2014 and optionally additional Verifiable Data Registries as defined in pertinent standards created by W3C.

The EU Business Wallet is interacting:


1. with European Digital Identity Wallets (EUDIWs) for Business-to-Consumer (B2C) processes,
2. with EU Government Wallets (EUGW) for Business-to-Government (B2G) processes,
3. with other EU Business Wallets in Business-to-Business (B2B) processes,
4. with embedded devices and machines in Business-to-Machine (B2M) processes,
5. with employees in Business-to-Employee (B2E) processes and
6. it is integrated with existing services and data repositories.
7. The EU Business Wallet is envisioned to play an important role within Dataspaces, which are emerging within different domains and hence it has a Data Plane and a Control Plane in which there may be a variety of different protocols. 

8. Furthermore, the EU Business Wallet has a Trust Plane, which interacts with the different providers, repositories and catalogues within the Trust Framework.


Use Cases for the EU Business Wallet

The EUBW is expected to complement the EUDIW in order to support +++would rather say enable+++ a large variety of use cases as outlined in the following. +++ Issuing legislation-based credentials is straightforward. For other wider collections of credentials, it may be necessary to create theme-specific ecosystems. For that creation of generic templates for governance, rules and ecosystem membership.+++

 

The Core Functionality of the EUBW comprises:

Identification
Authentication
Authorization
Creation and Validation of Electronic Signatures and Seals
Requesting, Storing, Issuing, Presenting and Validating Electronic Attestations
Preserving and Archiving of Electronic Signatures, Seals, Time Stamps, Electronic Attestations and Documents

Cross-Sector Use Cases of the EUBW:

Establishment of a Company
European Company Certificate
Power of Attorney and Mandates
Public Permits and Licences
Onboarding of Business Partners and Master Data Management
Electronic Invoicing
Electronic Contracts
Reporting of non-financial and diversity information 

+++Receiving verifiable job applications and updating verifiable CVs+++


1. Use Cases related to Finance

Strong Customer Authentication +++starting from banks issuing IBAN-credentials+++
Identification of Payment Service Providers
Identification and verification of the Identity of customers and beneficial owners
Identification, authentication and business processes with agents
SEPA Direct Debit Mandates
Attestation of Financial Data and Statements
Financial Data Access
Use Cases related to Industry +++ starting from financing of verifiable e-orders - reverse factoring+++

2. Data Exchange and Dataspaces


Digital Product Passport
Digital Twins and Industrial Asset Management
Supply Chain Management and Trade Transparency
Registration in the European Product Registry for Energy Labelling
Fulfilling the obligations of the Data Act
Secure Processing Environments according to the Data Governance Act
Reporting of Environmental Data from Industrial Installations
Attestations for Accreditation, Certificates and Conformity Assessment

3 Use Cases related to Logistics

Electronic Freight Transport Information
Electronic Consignment Notes (eCMR)
Reporting within the European Maritime Single Window Environment
Reporting of Carbon Dioxide Emmissions from Maritime Transport

4. Use Cases related to Mobility, Travel and Tourism

Electronic Travel Documents
Electronic Transportation Tickets
Mobile Driver's License
Registration of Motor Vehicles
Roadworthiness Certificates
Attestations for Aviation Security
Data collection and sharing relating to short-term accommodation rental services

5. Use Cases related to Health

Health Data Access and Exchange within the European Health Data Space
Organ Donor Card
Reporting of suspected incidents related to Medical Devices
Use Cases within national and regional electronic health systems

6. Use Cases related to Government

Life events supported by the Single Digital Gateway
Use Cases within national and regional Electronic Government Initiatives
Uses Cases related to democratic processes and electronic voting

7. Use Cases related to Education

Application for Admission to Educational Institutions
Application and Approval of Educational Grants and Loans
Attestations of Learning Achievements, Studies, School Certificates and University Diplomas
Attestations of Professional Qualifications, Titles and Licences

8. Use Cases related to Social Security

Registering of Employer or Employees within the Social Security System
Application for Health Insurance Membership
Application for and Approval of Health Related Services
Attestation of Social Security Insurance Status
European Health Insurance Card

9. Use Cases related to Justice

Judical Cooperation and Cross-Border Access to Justice
e-CODEX system
Proceedings related to the Digital Markets Act”

 

You are invited to supply more usecases and of course comment also directly to go-EIDAS

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

23,994
Expert opinions
40,646
Total members
356
New members (last 30 days)
208
New opinions (last 30 days)
29,267
Total comments

Trending

Carlo R.W. De Meijer

Carlo R.W. De Meijer The Meyer Financial Services Advisory (MIFS) at MIFSA

Europe’s digital payments push: Consortium of EU banks launch euro-based stablecoin

Alex Malyshev

Alex Malyshev CEO, Co-founder at SDK.finance, FinTech software provider

High-Volume Transactions: Essential Benchmark or Industry Hype?

Anurag Mohapatra

Anurag Mohapatra Director of Fraud Strategy and Marketing at NICE Actimize

The High Stakes of Check Kiting: How Old School Fraud Exploits FIs

Now Hiring