EU Mandate and Bank Pilots Push Blockchain Identity to Production

On the private side, Privado ID released its multi-chain and multi-device identity verification system in Release 8. The protocol lets a credential issued on one EVM-compatible chain be verified on another. The Decentralized Identity Foundation and EBSI are working to standardize cross-chain self-sovereign identity, both leaning on W3C DID and VC specifications.

Technical hurdles remain. Cross-chain identity resolution needs cross-chain resolvers and trust registries – systems that let a verifier on one chain confirm a credential issued on another. Without those, the network stays fragmented.

No specific crypto tokens are tied to these identity solutions. The focus is on infrastructure standards and institutional deployments, not token economics. Deutsche Bank and HSBC are not running pilots because they expect token appreciation. They want compliance infrastructure that scales across borders without multiplying costs.