🌍 PwC Italy & SKChain Advisors Launch Blockchain-Based Digital Identity for the EU

On March 25, 2025, PwC Italy and SKChain Advisors announced the development of a blockchain-based digital identity product designed to comply with the eIDAS 2.0 regulations and the European Digital Identity Wallets. This new product is a key move toward seamless, secure access to digital platforms, especially in the growing Web3 space. 🚀🔐

💡 What’s the New Digital Identity Product?

The collaboration aims to create a self-sovereign identity (SSI) system, allowing users to own and control their personal data. This digital identity solution will comply with eIDAS 2.0 regulations, ensuring that users can easily access both public and private services across Europe while maintaining full control over their data.

• eIDAS 2.0 Compliance: Standardizes digital identity solutions across EU member states.
• European Digital Identity Wallet: A secure way for citizens to prove their identity digitally.

🔒 What is eIDAS 2.0?

The eIDAS 2.0 regulation is crucial for the EU’s effort to standardize and secure digital identity systems across member states. It empowers individuals to access services online or offline, ensuring secure identity verification while maintaining data privacy.

• User Control: Citizens can control who has access to their personal information.
• Universal Access: Both public and private services can be accessed securely.

💻 How Does SSI Technology Work?

The digital identity product is built using Self-Sovereign Identity (SSI) technology, which shifts data ownership to users rather than centralized identity providers.

• Full Control: Users can prove their identity and interact with services without relying on third parties.
• Decentralized: SSI ensures data privacy, security, and user control, making it ideal for Web3 applications.

📈 Why Is This Important for Businesses and Consumers?

This product is designed to provide businesses and consumers with a secure, compliant way to interact with digital services while prioritizing privacy. With SSI technology becoming more mainstream, it is expected to become the default standard for both Web2 and Web3 applications.

• For Businesses: Secure, privacy-respecting user verification for digital interactions.
• For Consumers: A trusted and private way to access services digitally.

🔮 What’s Next for Digital Identity?

As SSI technology gains traction, centralized identity systems will likely become a thing of the past. This new product will help pave the way for a decentralized digital identity future, where users control their personal data and interact with digital services in a compliant and secure manner. The shift toward decentralization is expected to revolutionize how identities are managed and verified online.

⚙️ TL;DR

• PwC Italy and SKChain Advisors are launching a blockchain-based digital identity product for the EU, compliant with eIDAS 2.0.
• The product leverages Self-Sovereign Identity (SSI) technology, giving users full control over their personal data.
• This decentralized approach ensures data privacy and secure access to digital services for businesses and consumers.
• SSI is set to become the standard for Web2 and Web3, shifting away from centralized identity systems.

This launch marks a pivotal moment for digital identity, paving the way for a secure, private, and user-controlled future. 🔑