Concordium CTO foresees promise and peril in EU digital IDs
Nibras Stiebar-Bang believes blockchain may help the European Union’s digital identification initiatives. The European Union’s move towards a unified digital identification system aims to enhance regional convenience and security. However, Concordium CTO and CPO Nibras Stiebar-Bang cautions that such efforts must balance improved access with stringent privacy safeguards. In an interview with crypto.news, Stiebar-Bang acknowledged the intent behind standardized digital IDs to ease identity verification for citizens accessing services across EU member states. “It will bring added convenience to both citizens and institutions requiring ID verification,” he said. However, the blockchain expert warned that such convenience cannot undermine personal data protection. “Privacy and data protection” must remain priorities, Stiebar-Bang emphasized, noting apprehensions around increased “digital surveillance” and centralized data storage that c...