Why is a European digital wallet needed?
In the era of digital transformation, the European Union faces the challenge of ensuring that its citizens can easily, securely and efficiently use digital services across borders. Traditional ways of identifying and accessing services are often slow, subject to the risk of data misuse and impractical in a digital context. In addition, the increasing dominance of large technology platforms in digital identities raises concerns about the privacy and security of user data. To meet these challenges, the EU is developing the “European Digital Wallet”, an initiative that aims to modernize and securely integrate digital identities and services in one, easily accessible place.
How will the European digital wallet work?
The European digital wallet is designed as a secure, user-friendly application that enables citizens and businesses in the EU to digitally manage their identities and access a wide range of services. The application will integrate existing national digital identities, allowing users to easily identify themselves and carry out transactions online, such as paying taxes, opening a bank account, accessing health services or even renting a bicycle. The goal is to facilitate the daily life of citizens through the digitization of processes that are currently limited to physical documents or interactions. The development and implementation of this system involves cooperation with member states, technology partners and relevant sectors to ensure compatibility, security and wide acceptance.
What will the European digital wallet enable?
The implementation of a European digital wallet will transform the way EU citizens use and access digital services. This includes:
- Easier identification: Users will be able to identify themselves or sign up for services without the need for multiple passwords or physical documents.
- Security and Privacy: Strict data protection measures will ensure that user data is secure and shared only when and how the user chooses.
- Increased availability of services: Citizens will be able to access services anywhere in the EU, across borders, using a single digital identity.
- Digital signing of documents: The ability to digitally sign documents will simplify many administrative and legal processes.
- Flexibility and control: Users will have control over their data and how it is used, with the ability to easily manage their digital identities and documents.
Anti-theft security measures in European identity digital wallets?
European identity digital wallets are designed to include superior security features, including advanced encryption mechanisms and storage methods that ensure only the rightful owner can access and decrypt their data. In addition, the implementation of secure data exchange through end-to-end encryption between trusted parties and among different European digital wallets is foreseen, as stated by the European Parliament.
The European digital wallet is not just a technological project; it is the EU’s vision for creating a more inclusive, safer and more efficient digital society. With this initiative, the EU puts itself at the forefront of digital innovation, aims to protect the rights of its citizens in the digital world and facilitates access to digital services, thereby encouraging economic growth and social cohesion within the Union.
Source: rolify.com
