Start with WHY

Our task - especially in banking - is now to take the ready parts of EU legislation and wallets into use – make the Trust Infrastructure real. 

WHY?

Because we need to make life easier – cut the rising stress levels -  for citizens at work and at home, make enterprises more successful, make EU more secure and transparent and cut CO-emissions in all Member States.

HOW?

• See to it that the public sectors in all countries take the implementation lead by deploying already available agent applications to be able to start sending and receiving verified data to and from enterprises, citizens and many things in the next stage.
• Line up all possible public credentials issuable in the public sector – grouped around needs in life events - especially in enterprises – starting from the easiest. Publish the intent and rough timetables to go all in.
• Thus open the eyes in all sectors – but especially in enterprises – how wallet applications will radically cut the rising administrative burdens, risk levels (cybercrime is costing 6 trillion USD/year), stress levels and improve service capability without a need to get and send data in different ways with different public sector organizations, different customers, different suppliers, banks and staff. Nigthmares pictured here https://www.linkedin.com/posts/bo-harald-4768b51_so-much-more-electricity-needed-activity-7250230423614607361-7Xp_?utm_source=share&utm_medium=member_desktop
• Describe to all how this all works just like e-mail. Less need for building new and upkeeping technical integrations and less need for bilateral contracts once possible rulebook needs is solved. 
• Move deeper into content standardization for fuller automation. Now that the data exchange increases the demand.

WHAT?

A Single Market where verified data from all sources is available to all life events at work and at home, always in the same way, without need for technical integrations between the parties and bilateral contracts - across all sectors and borders.

IS IT EASY?

The wallet deployment is easy. The integration to back-end systems is basic work. 

What may take some time is to agree on rule books (cutting out the need for bilateral contracts).

Ironing out wrinkles in EUDI-wallet implementation is hard work but should not be a reason for not moving ahead. If the result is too cumbersome for some actors, we must see to it that it supports flexible interoperability with all sorts of up-to-standards tools. 

ESPECIALLY IN BANKING

Customers need help to find and get verified data needed for financing, wealth management, payments, establishing businesses, seeking jobs etc etc. From all sorts of issuers, always in the same way to their wallets, and from there to the banks' wallets and so many other services. Naturally banks have so many credentials that customers will ask for and should have issuing plans by now..