- Privado ID’s partnership with Telefonica Tech is geared toward accelerating adoption of privacy-focused and compliant virtual identities for customers within the Ecu Union.
- The collaboration comes because the EU prepares for elDAS2, a key law on virtual id.
Telefonica Tech, the virtual trade arm of Spanish telecom large Telefónica Crew, is participating with Privado ID to advance privateness era and adoption of virtual id around the Ecu Union.
Privado ID, previously Polygon ID, will leverage TrustOS, a controlled blockchain carrier through Telefónica Tech to reinforce its verifiable credential providing, the 2 companies stated in a press unencumber.
“We’re thrilled to combine Privado ID era with our TrustOS platform, advancing the adoption of virtual id answers that make sure that strict compliance with eIDAS2 necessities,” José Luis Núñez, world head of blockchain and web3 at Telefónica Tech, stated.
Eyeing EU’s virtual ID marketplace
The strategic alliance comes because the Ecu Union prepares for the Ecu Virtual Identification Legislation, aka elDAS2. The law supplies for the implementation of pointers mandating EU international locations to offer a Virtual ID Pockets to electorate.
eIDAS2 seeks a standardized framework that may permit EU electorate, citizens and electorate to get pleasure from digital id. It additionally way the adoption of compliant id answers, a marketplace Telefónica Tech and Privado ID are eyeing with this partnership.
“Empowering huge firms to reliably combine cutting edge applied sciences, similar to our complicated zero-knowledge proof-based virtual id platform, is vital to fashionable adoption of self-sovereign id,” David Schwartz, leader govt officer of Privado ID, stated.
Centered use circumstances come with accreditations, virtual nationwide IDs, e-signature answers, and privacy-preserving loyalty methods amongst others.