Why Blockchain and EBSI?
As we build the European regulatory framework, in the transition from paper to digital, a key question arises: how to share official documents, called ‘evidences’ or ‘credentials’ in a way that can be trusted?
Blockchain changes the traditional pattern of data sharing due to its distributed nature, as opposed to a centralised information exchange protocol. Blockchain can act as a point of truth that supports the verification of the entities involved in the transaction and the authenticity of information without requiring real-time access to the source of the information.
EBSI's objective is leveraging on blockchain to accelerate the creation of cross-border services for public administrations and their ecosystems to verify information and to make services more trustworthy.