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What started pretty much as an effort to get identification credentials issued to citizens (needed in countries without ID-services by banks) is now - thanks to mandatory general-purposes EBWs for public sector units (who can be against fast action here?) - moving to the opportunity identity building organisation wallets bring to industry and global trade. Where the macro-economic growth is coming from.
Deep and eloquent insight by Carsten Stöcker:
It shows how a harmonised, verifiable legal-entity identity enables secure B2B and B2G interactions, automated compliance, interoperability across data spaces, and trusted supply-chain operations, strengthen cyber-security, and unlock large-scale efficiency gains across all sectors.
The EBW extends the eIDAS 2.0 framework to organisations, introduces a unified European Unique Identifier (EUID) for all entities, and integrates secure communication (QERDS), mandate management, and qualified signatures/seals.
It supports Digital Product Passports (DPPs), Industry 4.0, Data Spaces, and Trusted Industrial AI. The EBW is being validated and shaped in the WE BUILD Large-Scale Pilot, where Spherity and Bundesanzeiger Verlag are among the strongest contributors.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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28 November
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Nick Jones CEO at Zumo
26 November
Shikko Nijland CEO at INNOPAY Oliver Wyman
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