What is eIDAS 2.0 and what it means for business?
eIDAS 2.0, the latest iteration of the EU's Electronic Identification and Trust Services regulation, represents a significant step forward in shaping the future of digital identity in Europe.
Introduced in response to the evolving digital landscape and dynamic market needs, eIDAS 2.0 expands upon its predecessor by introducing a unified European Digital Identity framework with a Digital Identity Wallet at its core. This approach aims to provide citizens with secure and privacy-preserving digital credentials, facilitating seamless management of digital identities across the EU.
eIDAS 2.0 broadens the scope of electronic trust services, enhancing interoperability and security measures to meet the growing demands of the digital era. By setting new standards for data protection and digital trust, eIDAS 2.0 lays the foundation for a more interconnected, secure, and efficient digital ecosystem in Europe that will open up an array of opportunities for both individuals and companies.
Who is impacted by eIDAS 2.0?
eIDAS 2.0 will have a significant impact on all EU sectors, including enterprises, governments, and citizens. All Member States shall establish, in accordance with the shared technological standards specified in the Architecture and Reference Framework (ARF), at least one European Digital Identity Wallet. While public sector adoption is mandatory, the influence of the European Digital Identity Wallet extends beyond the public sector.
European Digital Identity Wallets must be accepted as an authentication method by private service providers that are mandated to utilise strong user authentication for online identification. These providers include those in the transportation, energy, banking and finance, social security, healthcare, telecommunications and education sectors.
Though private user participation is optional, the aim is to equip over 80% of Europeans with digital wallets by 2030. This shift is evident in the market's projected growth, with the Europe Decentralized Identity Market forecasted to expand substantially.
When will eIDAS 2.0 come into force?
eIDAS 2.0 completed interinstitutional negotiations on November 8th, 2023. Formal adoption, including voting in the European Parliament and approval by the Council of the European Union, is anticipated to take place in early 2024. Once formally adopted, the regulation will be published in the Official Journal of the European Union, with entry into force expected in the first quarter of 2024. Member States will then have 24 months from the adoption of Implementing Acts to provide EU Digital Identity Wallets to their citizens, subject to technical specifications and certification. This timeline is subject to potential adjustments as the review and adoption process progresses.
Is Your Business Prepared for the Future of EU Digital Identity?
Article "From Vision Towards Reality: The Journey of Establishing a European Digital Identity" by Janne Jutila, Head of Business Alliances.