Telefónica joins Privado ID to develop EU-compliant digital identity solutions

Spanish telecom big Telefónica has joined Privado ID as a methods integrator to develop new digital id options utilizing decentralized expertise.

In line with a press launch shared with crypto.information, Telefónica Tech, Telefónica’s digital enterprise unit, will collaborate with Privado ID to create safe, privacy-focused companies that adjust to the newest European digital id laws.

Privado ID, previously referred to as Polygon ID, was spun off from Polygon Labs in June 2024. The venture focuses on privacy-oriented digital id options, enabling on-chain verification and making certain consumer privateness.

The partnership comes because the EU’s new digital id guidelines, eIDAS 2.0, require all EU member states to offer digital id wallets to their residents. Because the 2026 deadline for Digital Id Wallets approaches, Telefónica Tech and Privado ID are working collectively to create options that meet these requirements.

Particulars of the partnership

As a part of the partnership, Privado ID shall be built-in with Telefónica Tech’s TrustOS platform, a managed blockchain service that allows safe and clear digital transactions by connecting firms to totally different blockchain networks.

Telefónica Tech will use Privado ID’s digital id platform to boost its content material certification service by introducing the power to problem certifications in a verifiable credential format, permitting customers to routinely problem their accreditations, akin to instructional diplomas, tutorial {qualifications} and proofs of attendance, at a secure and safe manner. privacy-compliant verifiable credentials that may be saved in digital wallets.

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Moreover, Telefónica Tech and Privado ID will develop proofs-of-concept for digital id, beginning with an age verification system for safe entry to grownup content material and playing platforms, whereas additionally exploring extra functions akin to digital nationwide identities, digital signature options and privateness . -maintain loyalty.

David Schwartz, CEO and co-founder of Privado ID, believes the partnership will assist “convey company prospects into the Privado ID ecosystem.”

Telefónica’s foray into blockchain

Telefónica’s involvement in blockchain extends past this alliance. The corporate has beforehand labored with Chainlink to safe API connections on the Polygon community, utilizing decentralized oracle expertise, making certain dependable knowledge switch between distant methods and blockchain functions.

In January, the telecom big partnered with Nova Labs to roll out Helium Cellular Hotspots in Mexico, increasing cell service protection in choose areas. The Madrid-headquartered firm has additionally introduced plans to construct a metaverse following a 2022 take care of chipmaker Qualcomm.

Learn extra: Helium (HT) rises 21% after new take care of Telefónica in Mexico