The proposition to use zero-knowledge proofs was approved by the EU Committee and may become part of the updated legislation.
The European Union is known for its privacy and privacy policy – for one thing, it is the first place in the world to enforce strict data protection laws. On the other hand, his Central Bank digital currency (CBDC) project does not meet the anonymity standards of private cryptocurrencies.
Nevertheless, last week the EU legislators took an important step to put privacy into the digital identity space of citizens. On Feb. 9, the Committee on Industry, Research and Power includes zero-evidence standards and amendments to the European Digital Identity (eID) standards.
Updated the latest update on the 55 to 8 committee – this document will now go through the trial discussion process. Although the new document has not yet been made public, the document explains that EU citizens will have more control over their data, being able to decide what information to share with whom:
“The new EID will allow citizens to identify and verify themselves online (through the European digital identity wallet) without using commercial providers, as is the case today – a practice that has raised the issue of trust, security and privacy.”
As Jonas Fredriksen, director of European Government Affairs at Circle, said on Twitter:
“This initiative will facilitate the emergence of new business models and new opportunities in the digital economy, as companies create new products and services based on zero-evidence and electronic identity solutions.”
Zero proof has recently been the subject of scholarly attention as a possible way to ensure legal compliance and privacy of digital currencies.
A joint document from the San Francisco-based Mina Foundation, the operator of the Mina Protocol; German bank Hauck Aufhäuser Lampe; and the University of Luxembourg’s Interdisciplinary Center for Security, Reliability and Trust showed how to directly integrate zero-evidence with the European electronic identification system eIDAS. However, not everyone is convinced of this solution. Writing for Cointelegraph, Balázs Némethi, CEO of Veri Labs and co-founder of kycDAO, argued that while proof alone is not enough to share private information between participants in a transaction, it is wise and it depends only on the stop solution. .
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