PwC Italy and SKChain Advisors Develop EU Digital Identity Product
PricewaterhouseCoopers (PwC) Italy is developing a European Union digital identity product in collaboration with SKChain Advisors. The initiative aims to enable secure access to digital platforms, including Web3.
Key details include:
- The product is built on World Mobile Chain, a layer-3 network associated with Coinbase's Ethereum layer-2 Base.
- It utilizes self-sovereign identity (SSI) technology, allowing users control over their data without relying on third parties.
- Blockchain technology ensures secure distribution and storage of user data, eliminating the need for centralized identity providers.
- The development aligns with the EU's eiDAS 2.0 regulation, which establishes a digital identity framework for services and electronic transactions.