- Signicat joins WE BUILD consortium for EU Digital Identity Wallet.
- Digital identity specialist contributes to business-focused pilot phase.
What happened: Digital identity for EU businesses
Norwegian digital identity provider Signicat has joined the WE BUILD consortium, which is a critical part of the European Commission’s Digital Identity (EUDI) Wallet initiative. This wallet aims to provide individuals and businesses across the EU with a secure, trusted platform for storing and exchanging digital credentials, documents, and signatures. Signicat’s participation is part of the second round of large-scale pilots (LSPs), which focuses on business use cases such as payments, identity verification, and data sharing.
The company will lend its expertise in digital identity, allowing users to access personal and organisational wallets, add verifiable credentials, and sign digital documents on behalf of businesses. The trials, expected to run for two years, aim to refine use cases, improve cross-border transactions, and reduce business costs.
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Why it’s important
The EU’s Digital Identity Wallet aims to harmonise the way individuals and businesses prove their identities, exchange credentials, and sign documents across borders. By securing private data and facilitating cross-border transactions, it could simplify digital interactions within the EU, benefiting businesses, government agencies, and consumers alike. Signicat’s involvement brings much-needed expertise to ensure B2B interactions are fully integrated into the digital identity ecosystem. This pilot phase could pave the way for broader adoption of the Digital Identity Wallet across Europe. If successful, it could lead to significant efficiencies and cost savings for businesses, and offer a more secure, streamlined process for data sharing and verification.
