From 2026, both citizens and organizations will notice the consequences of the 'Interoperable Europe Act', which aims to improve cooperation and digital exchange between and with government organizations throughout the EU. In a few years, this European legislation will oblige governments to digitally share data with citizens using a wallet. But this also means that all organizations will soon be required to accept these credentials. In addition, more and more organizations will issue, validate and manage credentials. Unlinke a personal wallet, an organization has multiple officials who simultaneously use this organizational wallet, which provides all these functions. Getting in on time ensures that your organization is well prepared for this change. And it also offers opportunities to build up an advantage, because you benefit from the advantages of working with an organizational wallet at an early stage.
What does an organization wallet offer?
An organization wallet supports issuing, sharing and verifying credentials, making it simpler and more secure than exchanging regular documents. Thanks to the open standards, the issued credentials can be recognized by all parties and can be automatically validated and read, and therefore also integrated into existing applications. For example, a practical trial is currently being conducted with Justis at sports clubs with the provision and validation of evidence to demonstrate that a declaration of behavior has been issued. While this is all currently done via paper Certificates of Good Conduct or certified PDFs, this trial shows that this can soon be done completely digitally. This will be useful in the future not only for employers, but also for self-employed persons, screening agencies and clients. Another pilot is investigating how the provision of data by the Chamber of Commerce, the tax authorities and a bank can be carried out in a user-friendly manner, so that an entrepreneur can soon demonstrate in a convenient way that he is registered and with which Chamber of Commerce number and which VAT number and bank account number corresponds to it.
But it doesn't stop there: There are many more examples in which digitally verifiable certificates can make a substantial contribution to reducing the administrative burden:
An insurer that issues a policy of commercial liability insurance or professional liability insurance in the form of a verifiable credential. This makes it possible for a company to provide this evidence with less effort to a purchasing organization, which can then validate and process the content and the provider without human intervention. For example, to determine whether the policy has been taken out for the minimum required coverage.
A municipality that issues a permit in the form of a verifiable credential, for example for an event or other forms of nuisance. These can then easily be shared by a resident or entrepreneur with parties that provide services to such an event, in the knowledge that the municipality agrees with what is proposed by the organizer.
An employer who issues an employer statement in the form of a verifiable credential. This allows the employee to easily share this statement with his or her bank when applying for a mortgage or loan.
An trade association that provides a certificate in the form of a verifiable credential as proof of membership. This allows the entrepreneur who receives this to demonstrate that he or she is affiliated with this association and to which form of service this relates.
What does it take?
The development of the technology required for this has accelerated in the past year thanks to European initiatives. For example, Credenco already provides an easy-to-configure solution with which credentials can be issued and managed for specific purposes. For example, an employer's statement, which is currently often drawn up from a template and provided with a signature, could be issued by the employer. With which the employee can irrefutably demonstrate to anyone who requests it which employer has provided it and under what conditions. Integration with an existing system for automated issuing or validation can be done with an API connection or by using our software as a separate component. Depending on the role the organization has in issuing, storing, sharing or checking the certificates, various options for appropriate integration are possible.
With its solution, Credenco offers an excellent basis for quickly benefiting from the many benefits that exchanging data in the form of credentials offers. Our solution is easy to integrate into existing systems.
Are you interested in a demo or would you like to do a pilot with our platform? Please contact info@credenco.com.
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