EU Takes Step Closer to Implementing Digital Identity Wallet for Citizens and Businesses

According to the European Parliament, the proposed plan would enable citizens to verify and validate their identity online, utilizing a European digital identity wallet, without depending on commercial providers, which has been a cause for concern regarding security, trust, and privacy.

The eID legislative proposal, which was introduced in June 2021, has the objective of creating a "European Digital Identity" and a specialized digital wallet that can be used by businesses and citizens in the EU.

The "European Digital Identity Wallet," also called EDIW, intends to provide people and companies in the EU the capability to store their identity details such as names and addresses, and digitized documents, including bank account data, birth certificates, diplomas, and other documents that can be utilized for cross-border purposes.