- Privado ID's partnership with Telefonica Tech is geared toward accelerating the adoption of privacy-focused and user-friendly digital identities within the European Union.
- The collaboration comes because the EU prepares for elDAS2, the important thing digital id regulation.
Telefonica Tech, the digital enterprise arm of Spanish telecommunications large Telefónica Group, is partnering with Privado ID to advance privateness expertise and digital id adoption throughout the European Union.
Privado ID, previously Polygon ID, will use TrustOS, Telefónica Tech's managed blockchain service, to strengthen its verifiable credentials providing, the 2 firms stated in a press launch.
“We’re happy to combine Privado ID expertise with our TrustOS platform and advance the adoption of digital id options that guarantee strict compliance with eIDAS2 necessities,” stated José Luis Núñez, world director of blockchain and web3 at Telefónica Tech.
Monitoring the digital ID market within the EU
The strategic alliance comes because the European Union prepares for the European Digital Id Regulation, often called elDAS2. The regulation supplies for the implementation of the rules that mandate EU international locations to offer residents with a digital ID pockets.
eIDAS2 goals for a standardized framework that may enable residents, residents and EU residents to take pleasure in the advantages of digital identification. It additionally means the adoption of suitable id options, a market that Telefónica Tech and Privado ID are centered on on this partnership.
“Empowering massive firms to reliably combine revolutionary applied sciences like our superior zero-knowledge digital id platform is vital to the widespread adoption of sovereign id,” stated David Schwartz, CEO of Privado ID.
Focused use circumstances embody accreditation, digital nationwide ID, e-signature options and privateness loyalty packages, amongst others.
