PwC Italy, SKChain to Introduce Self-Sovereign EU Digital Identification

PwC Italy and SKChain Advisors are creating a blockchain-based digital identity system for the European Union.

This solution, developed on the World Mobile Chain, a Layer 3 network built on Coinbase's Base, aims to offer a secure, self-governed identity framework. Users can manage their personal data without depending on centralized authorities.

This project coincides with the European Digital Identity Wallet, which was introduced under the eIDAS 2.0 regulation to standardize digital identity across the EU, as stated in a press release provided to crypto.news.

PwC Italy and SKChain Advisors have finished a feasibility study to identify the most suitable SSI framework and are now proceeding with development.

The system will serve as a portal for users to access both traditional and Web3 platforms.

Data privacy and security

SSI technology is gaining popularity as a method to improve data privacy and security while adhering to regulations such as the EU’s Markets in Crypto-Assets framework.

According to a company statement, the new digital identity product will support authentication, verification, and interactions with digital asset services.

This is anticipated to help businesses and consumers navigate an increasingly digital economy while ensuring compliance with evolving regulatory standards.

"There has been discussion for a long time about whether the EU's digital identity scheme would use blockchain," Rob Viglione, CEO of Horizen Labs told crypto.news. "The fact this has been confirmed is a positive step forward. The fact it's using self-sovereign identity technology is also a positive step."

World Mobile Chain, the infrastructure supporting the project, is designed to promote blockchain adoption among European businesses. As a Layer 3 protocol on Base, it offers scalability and efficiency for decentralized applications.

The digital ID solution will enable companies to implement blockchain-powered identity verification without jeopardizing privacy.

Viglione stresses the importance of privacy in digital identity systems, stating that: "This is not the privacy and security guarantee that users need. Any digital ID scheme should be using zero-knowledge proof technology to ensure data remain 'usable but invisible.'"

The product is expected to simplify digital access across various sectors while giving users greater control over their online identities.