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Ten major Spanish companies – including Santander, Libra Bank, Bankia, Caixa Bank and BME – are planning to implement a self-managed digital identity model using blockchain technology.
The project, known as Dalion, has completed concept testing, leading to a second phase of development and testing with the aim of launching the product in a live production environment in May 2021.
Self-managed identity allows people to have their personal data in a single digital identity, supported by the companies involved and stored on their mobile device. Users can decide who to share data with at any time without having to fill out tedious forms. For example, they can use their data validated by other organizations to rent a car, take out insurance, or arrange a loan in just a few clicks.
The project is based on the Alastria digital identity model, which uses the blockcain infrastructure of Ethereum and Quorum to manage the transfer of user IDs between participating organizations. Alastria is a multi-sector Spanish consortium, made up of 600 partners including large companies, SMEs, public authorities and academic institutions.
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