The Disruptive Impact of EU Digital ID Wallets

Lokke Moerel authors an article for Cybersecurity Insiders about the new European Union digital identity regulation and its likely disruptive impact on digital business models.

“The European Commission has recognized the new demands and has proposed a modernized EU regulation for electronic identity, introducing digital ID wallets. Where media and commentators focus on changes required by the Digital Services Act and the Digital Markets Act, the new digital identity regulation will likely have the biggest impact on current digital business models. The European digital ID wallets will likely become a new intermediary function in the digital ecosystem and disrupt the gatekeeper function of current digital platforms as well as their ability to collect and combine data of their users.”

Read the full article.