eIDAS and the Globalisation of Trust

by Gaurav Sharma (guest) on 18. June 2020

Globalization has continued its seemingly inexorable march over the last decades. Movement of capital, labor, ideas, goods and services across borders has made the world smaller. International and multilateral organisations create the rules that define and guide interactions between peoples and nations. Parallelly, we are seeing another revolution - the digitizing of our economy at a breath-taking pace.

But what happens when you combine the two? As digitized as countries may be, when their economies interact with each other, they still seem stuck in the 90s. The reason for this is that countries have their own unique digital systems in place which often don’t connect well with another country’s systems. This mismatch has always existed because of language, legal or physical barriers. But in the digital age, it shouldn’t exist. 

New call-to-action

The Global Digital Single Market

The European Commission has made great strides in its goal of achieving the Digital Single Market across all member States. EU initiatives like eIDAS, PSD2, AML4 and others pave the way towards a cross-border system of digital identities and communication.

It is perhaps this experience of trying to create a harmonized system among this group of diverse states that places Europe in a prime spot to take the initiative globally.

The European Telecommunications Standards Institute (ETSI) conducts workshops on the globalization of trust several times a year. These workshops are not only being held in Europe, but also in various locations across the world. Clearly, the focus is global. The aim of these workshops is to reach a consensus on the international recognition of national / regional PKI-based trust services schemes. 

Why do we need Global Trust?

Some answers to this question are obvious. The trade of goods and services across national boundaries will undoubtedly be made smoother and faster if trust between the trading partners could be established through such schemes. With the mutual recognition of national eID / trust schemes, friction in international trade can indeed be minimized.

But there are also some not-so-obvious answers. In addition to promoting the global economy, this is also about gaining competitive advantages both at a macro level, and for companies back home. By taking the lead on such initiatives, a country can influence the development of global standards in a way that matches its own preferences. Additionally, its own companies can also participate in the process and they would undoubtedly find it easier to adapt to a global system that is very similar to what they have locally.

The Full Package

Download white paper

For a global digital trust system to work, it also needs a mutually recognized legal framework and compatible technological infrastructure.

The creation of these systems takes time since the various global participants often have conflicting views on how to proceed. Which is why starting early and starting small can be a viable strategy. 

Within the EU, the various directives provide a solid and complete framework for the Digital Single Market

Adopting something similar on a global scale would be much more challenging, but given the sheer volumes of trade at stake, it would be equally rewarding as well. 

Read White Paper

References and Further Reading

Other Related Articles: # Digital Signatures # eIDAS # Signer # PSD2

Want to know how we can help ?

Get in touch to better understand how our solutions secure ecommerce and billions of transactions worldwide.