Join the Community

22,714
Expert opinions
43,940
Total members
363
New members (last 30 days)
189
New opinions (last 30 days)
28,921
Total comments

Public sector credentials to all wallets - to cross the death walley

Picture included in my Linkedin post (used to manage them here in the past)

https://www.linkedin.com/posts/bo-harald-4768b51_dangerous-death-walley-one-might-of-course-activity-7192066826363625473-MfwU?utm_source=share&utm_medium=member_desktop

 

Dangerous death walley...
One might of course ask why the private sector is not yet crying out for all sorts of verified data to general purpose alway interoperable wallets. Especially as most of the McKinsey estimated 3-6% GDP growth comes from better productivity and so much lower risks in enterprises.
It needs time - and sometimes regulationsceptisism is natural. But not now..

As a market guy I am usually against spending tax payers money on something that enterprises can deliver. But by now it should be evident to everyone that 1. only a public-private deep co-operation (like Findynet, IDUnion etc) can deliver the data highway (connecting the defect EUDI-compliant wallets on offer), that 2. some public funding is needed for the highway - it is an infrastructure, that 3. it is not enough for EU and MSs to throw money at it - they must above all start sending the hundreds of credentials they are sitting on to citizens and especially SMEs, that 4. wallets/agents in the public sector should also be used for importing credentials.. ALL VCs from ALL to ALL always in the SAME way - WITHOUT need for technical integrations and contracts between the parties. Heaven for the Single Market.

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,714
Expert opinions
43,940
Total members
363
New members (last 30 days)
189
New opinions (last 30 days)
28,921
Total comments

Trending

Nicholas Holt

Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta

Navigating Financial Fluctuations with Flexible Solutions

Ivan Nevzorov

Ivan Nevzorov Head of Fintech Department at SBSB FinTech Lawyers

RWA Token Regulations in 2025: How to Launch Successfully

Now Hiring