The Italian PricewaterhouseCoopers division (PWC) said it is building a digital identity product of the European Union (EU) together with the Blockchain Skchain Advisors consulting firm.
The developing product will allow European companies and their customers to access digital platforms safely, including those of the web3 world, according to an announcement sent by email on Monday.
Developed on World Mobile Chain, a Co-3 layer built at the Ethereum Layer-2 base in Coinbase, the product will use self-sobran identity technology (SSI). SSI is a decentralized form of identity that provides users with the total control of their data instead of delivering it to third parties.
Blockchain technology supports SSI in the sense that it allows user data to be distributed and stored safely, eliminating the need for centralized identity suppliers.
The basis for the PWC Italia and Skchain product is the Eidas 2.0 wallet of the EU digital identity.
EIDAS aims to establish a digital identity framework throughout the EU to access services and make electronic transactions.
