PwC Italy and SKChain Advisors have announced a partnership to develop a blockchain-based digital identity solution compliant with European Union standards. The initiative aims to create a self-sovereign identity framework that meets the European Digital Identity Wallet (EUDI Wallet) requirements under eIDAS 2.0 regulation, representing the EU’s latest effort to standardize digital identity systems across member states.
The solution will operate on the World Mobile Chain blockchain network, enabling decentralized applications and providing scalable identity authentication capabilities. The approach matches a growing trend of blockchain-based identity systems being implemented globally, with similar initiatives already showing success in regions like Buenos Aires. The system meets EU regulatory standards, particularly those outlined in the Markets in Crypto-Assets (MiCA) framework, which establishes comprehensive guidelines for digital asset regulation in the EU.
Through this collaboration, users will gain improved access to both Web3 and traditional services via blockchain authentication systems for identity confirmation. The framework allows individuals to maintain independent control of their personal information while ensuring compliance with privacy and security requirements – a core principle of self-sovereign identity (SSI) systems.
The partnership extends beyond technical development to include educational initiatives. Both organizations will conduct workshops and discussions focusing on blockchain technology, cross-chain interoperability, and proof of reserves to help businesses and regulators understand the technology’s implications. The educational component is particularly relevant as the EU continues to advance its digital identity initiatives with new standards and implementation timelines.
Hamad Sayah Al Mazrouei, CEO of ADGM’s Registration Authority, noted that the partnership would contribute to shaping global regulatory approaches and promoting trust in blockchain systems.
The initiative also aims to establish regulatory standards for blockchain and artificial intelligence, addressing how digital assets are created, transferred, and managed while maintaining compliance with financial regulations. The effort supports broader European goals to create a standardized framework for digital identity management, as demonstrated by recent developments in the EUDI Wallet program across multiple EU member states.
Sources: Blockchain Reporter, Crypto News, PANews, Coinpaper
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