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- Privado ID’s partnership with Telefonica Tech is geared toward accelerating adoption of privacy-focused and compliant digital identities for customers within the European Union.
- The collaboration comes because the EU prepares for elDAS2, a key regulation on digital identification.
Telefonica Tech, the digital enterprise arm of Spanish telecom big Telefónica Group, is collaborating with Privado ID to advance privateness expertise and adoption of digital identification throughout the European Union.
Privado ID, previously Polygon ID, will leverage TrustOS, a managed blockchain service by Telefónica Tech to bolster its verifiable credential providing, the 2 companies stated in a press launch.
“We’re delighted to combine Privado ID expertise with our TrustOS platform, advancing the adoption of digital identification options that guarantee strict compliance with eIDAS2 necessities,” José Luis Núñez, world head of blockchain and web3 at Telefónica Tech, stated.
Eyeing EU’s digital ID market
The strategic alliance comes because the European Union prepares for the European Digital Id Regulation, aka elDAS2. The regulation supplies for the implementation of tips mandating EU nations to offer a Digital ID Pockets to residents.
eIDAS2 seeks a standardized framework that may allow EU residents, residents and residents to profit from digital identification. It additionally means the adoption of compliant identification options, a market Telefónica Tech and Privado ID are eyeing with this partnership.
“Empowering giant firms to reliably combine modern applied sciences, reminiscent of our superior zero-knowledge proof-based digital identification platform, is essential to widespread adoption of self-sovereign identification,” David Schwartz, chief government officer of Privado ID, stated.
Focused use circumstances embrace accreditations, digital nationwide IDs, e-signature options, and privacy-preserving loyalty applications amongst others.