[smartis2812]

It is definitely the wrong solution to the underlying problem.

Handing out more and more personal data to companies, even approved by the EU, is not a 'digital identity', its the next step to 1984.

As long as personal data is stored at some companies server, it's not protected, it's held hostage.

[scytales]

Under this initiative, no personal data is transferred to companies, as it always stays in control and possession of the user. Please read more about it and about the European Digital Identity Wallet initiative, since it may answer some of your concerns :)