Spanish telecom big Telefónica has joined Privado ID as a techniques integrator to develop new digital id options utilizing decentralized expertise.
In accordance with a press launch shared with crypto.information, Telefónica Tech, Telefónica’s digital enterprise unit will work with Privado ID to create safe, privacy-centric companies that adjust to the most recent European laws on digital id.
Privado ID, beforehand generally known as Polygon ID, was spun off from Polygon Labs in June 2024. The mission focuses on privacy-focused digital id options, enabling on-chain verification whereas safeguarding person privateness.
The partnership comes because the EU’s new digital id guidelines, eIDAS 2.0, mandate that each one EU Member States present digital id wallets to their residents. With the 2026 deadline for Digital Id Wallets approaching, Telefónica Tech and Privado ID are teaming as much as create options that meet these requirements.
Particulars of the partnership
As part of the collaboration, Privado ID shall be built-in with Telefónica Tech’s TrustOS platform, a managed blockchain service that facilitates safe and clear digital transactions by connecting companies to numerous blockchain networks.
Telefónica Tech will make the most of Privado ID’s digital id platform to reinforce its content material certification service by introducing the aptitude to challenge certifications in a verifiable credential format, enabling customers to robotically challenge their accreditations, like coaching diplomas, educational {qualifications}, and attendance certificates, as safe and privacy-compliant verifiable credentials that may be saved in digital wallets.
Additional, Telefónica Tech and Privado ID will develop digital id proofs-of-concept, beginning with an age verification system for safe entry to grownup content material and playing platforms whereas additionally exploring further purposes reminiscent of digital nationwide identities, e-signature options, and privacy-preserving loyalty.
David Schwartz, CEO and Co-Founding father of Privado ID, believes the collaboration will assist “deliver company purchasers into the Privado ID ecosystem.”
Telefónica’s foray into blockchain
Telefónica’s involvement in blockchain extends past this alliance. The corporate has beforehand collaborated with Chainlink to safe API connections on the Polygon community, utilizing decentralized oracle expertise, guaranteeing dependable information transfers between exterior techniques and blockchain purposes.
In January, the telecom big partnered with Nova Labs to roll out Helium Cell Hotspots in Mexico, increasing cellular service protection in chosen areas. The Madrid-headquartered agency has additionally introduced plans to construct a metaverse following a 2022 settlement with chip producer Qualcomm.
