Europe is currently working on one of the most critical projects that could completely reshape the digital economy: The European Digital Identity Wallet (EID Wallet).
The idea is that every EU citizen will have an official identity wallet on their phone. Not just a digital ID card, but a single wallet that aggregates:
- Your Identity.
- Driver’s License.
- Certificates.
- Bank Accounts.
- Travel Tickets.
- Digital Signature.
All under unified standards for all EU countries. This wallet represents your digital identity and transactions for any service within any country, simply and securely.
Ending Fragmentation
Today, digital identities are fragmented. Bank apps, government apps, insurance apps, university apps—each has its own verification method. The EID Wallet eliminates this, offering a unified identity across all nations and institutions.
Privacy & Zero-Knowledge
Instead of every institution collecting and storing your data, the EID Wallet provides direct proof from your device with minimal data exposure, using technologies like Zero-Knowledge Proof and Verifiable Credentials.
- If a bank needs to know you are over 18, the wallet proves it without sending your birth date.
- If an insurance company needs your license, it receives a signed copy from your wallet.
- If you travel between two EU countries, your wallet is your official ID.
Control shifts from institutions to the user. The user decides who sees what, when, and for what purpose. This will drastically change financial and government services.
"The EID Wallet is not just a tech project; it is a new infrastructure for human digital identity."
We might see this model replicated in Asia and the US in the coming years, as the world moves towards the same direction: one identity, one wallet, a unified human experience in the digital economy.