The white paper by BCG and walt.id stresses the urgency of adopting Self-Sovereign Identity (SSI) within five years to address the challenges of digitalization. Centralized identity systems create fragmented data silos, privacy risks, compliance burdens, and security vulnerabilities. SSI replaces these with decentralized, user-controlled ecosystems where individuals hold and share verifiable credentials across sectors. Backed by regulatory momentum like the EU’s ESSIF and EBSI, adoption is growing globally in finance, healthcare, mobility, and beyond. Organizations must act now by exploring use cases, implementing pilots, and aligning with open standards to unlock efficiency, trust, and compliance.

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