Spanish banks to launch digital ID platform

guest · Nov 8, 2020

Spanish banks to launch digital ID platform
SELF-MANAGED: The project uses a blockchain-based digital identity model developed by Alastria
November 6, 2020
https://www.nfcw.com/2020/11/06/369076/spanish-banks-to-launch-digital-id-platform/

Spanish consumers are set to be able to self-manage their digital identity on their mobile device using a blockchain-enabled platform being developed by a consortium of 10 companies that includes leading Spanish banks Banco Santander, Bankia, CaixaBank, and Liberbank.

“Self-managed identity enables people to have their personal data in a single digital identity, backed by the companies involved and stored on their own mobile device,” the consortium behind the project explains.
“For example, they may use their data validated by other organisations to hire a car, take out insurance, arrange a loan, take up an electricity service, or any service they wish, in just a few clicks.”
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The digital identity project, known as Dalion, was initiated in October 2016 and uses a digital identity model developed by Alastria, a multi-sector association of some 600 businesses, public authorities and academic institutions.

Following a “satisfactorily” completed concept test, the project is now entering a second phase of development with a rollout “in a real production environment” planned for May 2021.
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