Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

2026-06-24

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

2026-06-24

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

2026-06-24
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

    2026-06-24

    Manadia joins the Origins Network to advance scalable AI-powered blockchain ecosystems

    2026-06-24

    Chainlink brings Samsung, Toyota and Sony prices on-chain with APAC stock streams

    2026-06-24

    Aztec reaches L2Beat Phase 2 after Governance revokes ownership of the rollup contract

    2026-06-24

    What is MEV? Maximal Extractable Value, the invisible tax on crypto

    2026-06-24
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Crypto finally has a CLARITY Act date

    2026-06-24

    The US Treasury Department’s $10 billion scam alert shows why crypto is rushing itself into the police force

    2026-06-24

    Stablecoins in Britse ponden gemaximeerd op $53 miljard, terwijl de Bank of England stablecoin-regels vastlegt

    2026-06-22

    De Amerikaanse toekomst van crypto-daders zal worden bepaald door hoe toezichthouders besluiten ze te noemen

    2026-06-22

    De MiCA-deadline zal waarschijnlijk kleinere crypto-apps naar gelicentieerde bewaarrails verplaatsen

    2026-06-22
  • Analysis

    Ethereum Foundation bezuinigt met 20% op personeel, terwijl ETH YTD met 44% daalt ondanks recordgebruik

    2026-06-24

    CZ noemde het no-KYC-model van Hyperliquid “geweldig”

    2026-06-24

    South Korea’s KOSPI crashes 10% as regulator admits ETF error

    2026-06-23

    Trumps quantum computing-push zet 449 miljard dollar aan ‘blootgestelde Bitcoin’ weer in de schijnwerpers

    2026-06-23

    Solana subsidizes large traders before the markets in the chain prove that the activity can continue to exist

    2026-06-23
  • Learn

    Most Profitable Crypto to Mine in 2026: Best Altcoins for Mining

    2026-06-23

    Bitcoin Alternatives: Our Top Altcoin Picks for You in 2026

    2026-06-23

    What Is a Bull Flag Pattern in Crypto and How to Use It

    2026-06-20

    What Is OTC Trading? Over-the-Counter Trading Explained

    2026-06-20

    The Top 10 Bitcoin Wallets in 2026

    2026-06-20
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Concordium CTO foresees promises and dangers in EU digital IDs
Blockchain

Concordium CTO foresees promises and dangers in EU digital IDs

2024-01-13No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Nibras Stiebar-Bang believes blockchain can help the European Union’s digital identification initiatives.

The European Union’s move towards a uniform digital identification system aims to increase regional convenience and security. However, Concordium CTO and CPO Nibras Stiebar-Bang cautions that such efforts must balance greater access with strict privacy safeguards.

In an interview with crypto.news, Stiebar-Bang acknowledged the intention behind standardized digital IDs to facilitate identity verification for citizens accessing services in all EU member states.

“It will provide additional convenience for both citizens and institutions that require identity verification,” he said.

However, the blockchain expert warned that such convenience cannot undermine the protection of personal data. “Privacy and data protection” must remain priorities, Stiebar-Bang stressed, noting concerns around increased “digital surveillance” and centralized data storage that could be attractive targets for hackers.

Limiting privacy pitfalls

According to Stiebar-Bang, the success of digital ID systems depends heavily on implementations in individual countries and the blockchain solutions they choose to support identity management.

He emphasized the importance of decentralized platforms with robust identity layers that integrate zero-knowledge proof technology. Such cryptography enables identity verification without revealing personal data, giving users control over what information they share.

Policymakers in the EU should also increase understanding of these privacy-protecting capabilities through public outreach, Stiebar-Bang advised. Citing prevailing citizen concerns about surveillance, he said communicating how ZK-proofs and decentralized systems function will be critical to public trust.

The need for collaboration

While the EU plans for blockchain to strengthen the security and privacy of digital IDs, Stiebar-Bang warned that successfully delivering on this promise will require close collaboration within the industry.

See also  Chromia partners with Chasm Network to drive decentralized AI

“Leaders in the blockchain industry need to be involved in these conversations and pilot initiatives,” he said. In addition to advising on implementations, he recommended promoting research partnerships with universities to integrate diverse expertise.

Leveraging guidance from established players such as the EU can overcome pitfalls to realize the social promise of digital IDs. But an inclusive, transparent approach remains essential.

“If implemented properly,” Stiebar-Bang added, a self-sovereign digital identity could give citizens unprecedented control over their personal information – a “major milestone” in itself.

Source link

Concordium CTO dangers Digital foresees IDs Promises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

2026-06-24

Manadia joins the Origins Network to advance scalable AI-powered blockchain ecosystems

2026-06-24

Chainlink brings Samsung, Toyota and Sony prices on-chain with APAC stock streams

2026-06-24

Aztec reaches L2Beat Phase 2 after Governance revokes ownership of the rollup contract

2026-06-24
Add A Comment

Comments are closed.

Top Posts

UK regulators’ attempt to ban crypto ads fails as more than half remain online: report

2025-01-02

Crypto Plunges Into ‘Extreme Fear’ – Is This the Bottom of the Market?

2026-02-03

Swiss Crypto Bank Amina has partnered with Pyth Network to provide accurate price feeds

2024-07-09
Editors Picks

MoonPay CEO was responsible for $500K donation to Miami mayor’s super PAC

2023-08-01

First power set to make the telegram debut with one of the largest NFT drops on Ton

2025-06-10

Binance becomes the first broker-dealer licensed crypto exchange in Brazil

2025-01-02

AVAX’s price rises above $30; Could there be a new prediction at play?

2023-12-11

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.