• The partnership between Privado ID and Telefonica Tech goals to speed up the adoption of privacy-focused and compliant digital IDs for customers within the European Union.
• The cooperation comes because the EU prepares a key regulation on digital id, elDAS2.

Telefonica Tech, the digital enterprise unit of Spanish telecommunications large Telefonica Group, is teaming up with Privado ID to drive the adoption of privateness applied sciences and digital IDs throughout the European Union.

Privado ID (previously Polygon ID) will leverage Telefónica Tech’s managed blockchain service, TrustOS, to reinforce the availability of verifiable credentials, the businesses stated in a press launch.

“We’re happy to combine Privado ID know-how into our TrustOS platform and speed up the adoption of digital id options that guarantee strict compliance with eIDAS2 necessities,” stated José Luis Núñez, International Head of Blockchain and Web3 at Telefónica Tech.

Give attention to EU digital ID market

The strategic partnership comes because the European Union prepares for the European Digital Id Regulation (elDAS2), which offers for the implementation of tips that can require EU nations to supply digital id wallets to their residents.

eIDAS2 goals to create a standardized framework that enables EU residents, residents and nationals to learn from digital ID. It additionally implies the introduction of compliant ID options, and that is the market that Telefónica Tech and Privado ID are specializing in with this partnership.

“Guaranteeing massive enterprises can combine modern applied sciences corresponding to our main zero-knowledge proof-based digital id platform is essential to the widespread adoption of self-sovereign id,” stated David Schwartz, CEO of Privado ID.

Focused use circumstances embody certification, digital nationwide ID, e-signature options, and privacy-preserving loyalty packages.