PWC ITALY, SKCHAIN CONSULTS TO BUY THE PRODUCT PRODUCT OF DIGITAL EU BLOCKCHAIN PRODUCT
The Italian Division of the Pricewaterhousecoopers (PWC) said the development of a product of the European Union (EU) digital identity next to the blockchain consultant firm Skchain Advisors.
The product under development will allow European companies and their customers to safely access digital platforms including those in the web3 world, according to an email announcement on Monday.
Developed in the World Mobile Chain, a Layer-3 network developed in the Coinbase’s Ethereum Layer-2 base, the product will use self-SOURign Identity (SSI) technology. SSI is a decentralized form of identity that gives users full control of their data instead of giving it to third parties.
The blockchain technology is subject to the SSI which allows it to distribute and store users’ data safely, deleting the need for centralized identification providers.
The basis for the product of PWC Italy and Skchain is the regulation of the digital identity of EU Eidas 2.0 and the European digital identity Eudi) purse it introduces.
Eidas aims to establish an EU digital identity framework for accessing services and making electronic transactions.
