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How much stress and cost is not generated when we have to dig through piles of paperwork and mail endless PDFs to prove who you are, what qualifications you have and what powers you have to act - on behalf of your employer, your football club, your children, your parents etc..
Digital credentials from (issuers) and to (holders and then to verifiers) with already available de-facto general purpose (learn once - use everywhere) EUDI-interable organisation wallets (at least 25 alternatives in EU) will replace outdated documents of all sorts with a faster and megaclass more secure alternative. All based on the revised EIDAS regulation, effective from May 2024.
Exerpt from Markus Hautala's blog explains it well:
Think of digital credentials as modern, electronic versions of the documents you use in daily life. For example:
Digital credentials are issued by trusted authorities, securely stored in your Digital Identity Wallet, and shared only when needed. Unlike paper or physical documents, digital credentials:
The eIDAS revision isn’t just about proving who you are - it’s about making everyday tasks simpler by getting rid of outdated, cumbersome paperwork. Here’s how digital credentials can transform your life:
By the end of 2026, every EU citizen will have access to a European Digital Identity Wallet, an app-like tool where you can store and manage your digital credentials. Here’s what it will do:
Full blog here: https://www.linkedin.com/posts/bo-harald-4768b51_eidas-revision-goodbye-paperwork-hello-activity-7273669310609281026-3Gqb?utm_source=share&utm_medium=member_desktop
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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