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Congress@it-sa Lecture programme

Legally compliant electronic legal transactions with EU DIW

Legally compliant e-transactions with the EU Digital Identity Wallet and the innovative business models enabled by secure digital identities.

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calendar_today Wed, 23.10.2024, 16:00 - 16:40

event_available On site

place Room Singapur, NCC Ost

Action description

south_east

Speaker

south_east

Themes

Data protection / GDPR Legislation, standards, regulations Governance, Riskmanagement and Compliance Secure Payment Websecurity / VPN Trend topic

Key Facts

secure digital identities#Digital Identity Wallet#Secure electronic transactions

Event

This action is part of the event Congress@it-sa

Action description

What is the EU Digital Identity Wallet?

The EU Digital Identity Wallet is a secure, interoperable, and EU-standardized digital identity platform that allows citizens to store and use their personal data, identification documents, and credentials securely and electronically. It provides a unified platform where citizens can verify their identity online without relying on multiple, often incompatible services.

Legally Compliant Electronic Transactions

The core focus of this presentation is on how the EU Digital Identity Wallet can be utilized to conduct legally compliant and secure electronic transactions. Traditionally, electronic transactions have faced various legal hurdles, particularly regarding the identification of parties and the authentication of their intentions. The EU Digital Identity Wallet addresses these issues by providing a standardized and trusted method of identification that meets the stringent requirements of EU data protection and security regulations.

By using the Wallet, citizens and businesses can ensure that their electronic transactions comply with applicable legal standards while maximizing the efficiency and user-friendliness of digital processes. This applies to a wide range of applications, from signing contracts and applying for public services to managing complex business processes.

Innovative Business Models Enabled by the EU Digital Identity Wallet

Another key aspect of the presentation is the exploration of the innovative business models enabled by the introduction of the EU Digital Identity Wallet. The simplification and standardization of identity verification unlock new opportunities for businesses that were previously inaccessible due to the complexity and cost of identity verification.

For instance, financial services providers and insurance companies can optimize their services by integrating digital identities into their processes. This leads to faster application processing, reduced fraud, and an improved customer experience. In e-commerce, the ability to verify identities securely and quickly opens up new possibilities. Retailers can better enforce age restrictions on certain products or tailor loyalty programs more effectively to authenticated customers.

Moreover, entirely new business models could emerge, based on the secure and privacy-compliant management and transfer of personal data. This could range from digital health services managing sensitive medical data to innovative platforms based on blockchain technology that store identity proofs in a decentralized and immutable manner.

Challenges and Outlook

Of course, the introduction of the EU Digital Identity Wallet is not without challenges. These include issues related to adoption and dissemination, interoperability with existing systems, and the ongoing need to adapt to changing legal frameworks. The presentation will also address these aspects to provide a comprehensive view of the opportunities and risks involved.

The presentation will conclude with an outlook on the future development of the EU Digital Identity Wallet and its potential implications for businesses and citizens. What new legal requirements might arise? How can companies strategically prepare for this development? And what role will the EU Digital Identity Wallet play in an increasingly digital world?

This presentation is aimed at decision-makers in business and government, IT and legal experts, and anyone interested in the future of digital legal transactions and the business models associated with them. Through practical examples and in-depth analysis, the presentation offers valuable insights and concrete action points for successfully leveraging the EU Digital Identity Wallet. ... read more

Participation Limit: 55

Language: German

Questions and Answers: Yes