European Business Wallets
The 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐖𝐚𝐥𝐥𝐞𝐭𝐬 (𝐄𝐁𝐖) initiative aims to replace paper-heavy, cross-border workflows with a secure, automated framework.This proposal presents the business version of the European Digital Identity Wallet—built to replace slow, paper-based processes with a high-tech, automated system. The EBW aims to streamline the “Business-to-Government” (B2G) and “Business-to-Business” (B2B) experience by (1) aiming for a 25% reduction in administrative burdens overall (and 35% for SMEs), (2) by moving away from manual verification to automated, data-driven exchanges and (3) by providing a trusted way for all economic operators—including sole traders and public institutions—to prove their identity and mandates.