Most Citizens will discover this new legislative development once things are already fully settled in the law: the decision to create a digital identity wallet. This step in the digital world might have need more pan-European debate, as it can be controversial. On paper, this tool allows citizens of EU Member States to access online services, both public and private, with ease.
However, as with any major development, there are other considerations. Some wonder if this wallet could potentially become a ‘big brother,’ monitoring our online activities. Striking a balance between convenience and privacy is key. And the reactions to Commissioner Breton’s tweet are particularly interesting.
Under this regulation, major online platforms and search engines will now need to authenticate users, ensuring added security. Users can open bank accounts, make payments, and store official documents securely online. You should have the power to choose what personal data you want to share. The question might be for how long.
The wallet will also feature a transaction dashboard and a handy option to report any data breaches. You’ll be able to integrate it with national electronic ID systems for free electronic signatures.
Next steps? The agreement heads to the European Parliament for a vote, then Member States have 24 months to roll out this game-changer. If you have concerns like Frederic Leroy in the tweet below, please share with us.