The Italian division of PricewaterhouseCoopers (PWC) said that the construction of a digital identity product of the European Union (EU) alongside the Blockchain Skchain Advisors consulting company.
The product being developed will allow European companies and their customers to safely access digital platforms, including those in the web3 world, according to an announcement sent by email on Monday.
Developed on World Mobile Chain, a Layer-3 network built on the Ethereum base of layer 2 of Coinbase, the product will use self-souveraine identity technology (SSI). SSI is a form of decentralized identity that gives users total control of their data rather than putting it back to third parties.
Blockchain technology underlies SSI in that it allows user data distribution and storage, deleting the need for centralized identity providers.
The PWC Italy and Skchain product base is the EIDAS 2.0 portfolio and the European digital ID identity of the EU it introduces.
The EIDAS aims to establish a digital identity framework at the EU scale to access services and carry out electronic transactions.
