A new era for digital business identity in Europe
The European Commission's proposal for the European Business Wallet (EBW) marks a significant step towards creating a more digital, interoperable and efficient European Single Market.
This new digital business identity will enable businesses and public administrations to identify, authenticate and exchange information with full legal validity across the European Union, simplifying administrative processes and significantly reducing barriers to cross-border operations.
According to estimates by the European Commission, the European Business Wallet could generate more than €160 billion in annual savings for businesses and nearly €5 billion in reduced administrative costs for public administrations.
What you'll find in this paper
In this paper, NTT DATA experts explore the key success factors behind one of the most transformative initiatives in Europe's digital agenda:
- The role of the European Business Wallet in establishing a European digital business identity.
- Integration with the European digital ecosystem and the eIDAS 2 regulatory framework.
- Cross-border business authentication and trust services.
- Interoperability challenges across public administrations and existing systems.
- The key factors for driving adoption among businesses and public sector organizations.
- The role of the European Commission and Member States in its implementation.
- Market opportunities and the potential impact on Europe's competitiveness.
Why it matters now
The European Business Wallet has the potential to transform the way businesses interact with public administrations, business partners and public institutions across Europe by reducing bureaucracy, improving operational efficiency and strengthening the competitiveness of the European business ecosystem.
Its success will depend not only on the regulatory framework, but also on the ability of institutions and organizations to deliver a coordinated, interoperable and user-centric implementation.
Discover how the European Business Wallet can become the foundation for a new generation of digital business services across Europe and the key challenges that must be addressed to ensure its successful adoption.