Decentralized Identity and Self-Sovereign Solutions
Combined Session
Thursday, May 08, 2025 12:05—13:05
Location: A 05-06
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Thursday, May 08, 2025 12:05—13:05
Location: A 05-06
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New European standards for the EU Digital Identity Wallet (EUDIW) mandates support for a Hardware Security Module (HSM). This module is able to perform important cryptographic operations providing very strong security and privacy protection for a user.
The EUDIW is typically an application that users install on iOS or Android devices to manage government- and commercially-issued verifiable credentials.
Fulfilling the requirements of the EU Digital Identity Wallet framework, this presentation explores how an existing Digital Identity Wallet can be enhanced through the integration of a Hardware Security Module (HSM), considering both built-in and external implementations.
It also provides a compatibility matrix by analyzing current credential standards alongside the cryptographic capabilities of various HSMs.
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The wallet for legal entities—such as organizations and businesses—has the potential to significantly simplify cross-border operations within the EU and EEA.
In this session, we will explore what a legal person wallet is and how it can streamline interactions between governments and businesses, as well as enable more efficient business-to-business relationships.
To illustrate its practical value, we will examine real-world use cases of the EU Digital Identity Wallet (EUDIW) in financial services, including banking and payments. We will also look at emerging and alternative business models that the legal entity wallet could unlock, offering new opportunities for innovation and efficiency in the digital economy.
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Most SSI initiatives focus on improving the individual user’s experience, reducing friction, and enabling seamless transactions. However, it may well be that corporates and businesses stand to gain the most from a mature, established decentralized ecosystem—particularly through the use of Electronic Attestations of Attributes (EAAs).
Join this session for the answers to these and other key questions:
- What additional elements are needed to realize these benefits?
- What exactly are the benefits for businesses?
- How should organizations prepare to take advantage of them?
- How will this work in practice, and how can we establish practical legal entity identifiers to support it?
