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1. The Core – You-controlled data This is the data you receive into your wallet - making the MyData make-it-happen mission real:
official credentials (ID, diploma, driver’s licence, tax number, company roles, etc.),
verifiable credentials from other issuers you decide to trust (skills, power of attorneys, e-receipts, IBAN-credentials etc..)
Here, you are the sovereign controller — you decide who can see what, when, and for how long. This is privacy by architecture: data doesn’t “flow” without your consent, and there’s no “phoning home.” It’s what the EUDI-Wallet and Business Wallets make possible — a trusted, auditable, and reversible flow of verifiable data. It will be interesting to see how much the core will grow once EUBWs and Trust Registers are in wide use. Issuing will be easy and verification can be automated.
“Core privacy is about what is verifiably true and what you control.”
2. The Wider Circle – Behavioural and opinion data This is the data that others collect about you:
browsing patterns, app use, location trails, purchases,
your likes, comments, and social-media interactions,
inferred preferences or biases from algorithms.
Here, you are the product unless the ecosystem changes. You don’t control what’s stored or how it’s monetised — at best, you can negotiate or regulate its use. This is where data spaces, consent frameworks, and AI-ethics rules must evolve — ideally linking back to the wallet layer so you can express permissions and revoke them.
“Outer-circle privacy is about what others observe — and whether they respect your boundaries.”
Privacy in the digital-trust era means owning the inner circle of verified data in your wallet while regaining influence over the outer circle of behavioural data through clear consent, transparency, and accountability. And thus expanding the core with easy to use issuing and verification wallet applications.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Nikunj Gundaniya Product manager at Digipay.guru
12 November
Ravi Satyanarayana Partner - Payments & Fintech Innovation at TCS
John Bertrand MD at Tec 8 Limited
11 November
Stanley Epstein Associate at Citadel Advantage Group
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