Will EAAs replace the classic KYC audit?

EAAs can significantly simplify or partially replace the KYC check, especially if they originate from trusted or qualified issuers. In many cases, verified attributes can be used directly without having to go through the entire KYC process again. However, whether EAAs completely replace KYC depends on the regulatory requirements and the respective use case.

Yes, EAAs can be revoked by the issuer, for example if an attribute changes or becomes invalid. Recipients can check the revocation status during verification to ensure that the attribute is still valid.

Can the issuer see where I am displaying my attribute?

No. Modern EAA systems are designed in such a way that the issuer cannot track where or when you present your attribute. Verification takes place directly between you and the recipient. This means that your privacy remains protected and there is no centralized tracking of your use.

Will my data be stored centrally?

No. The control is yours. The EAAs are securely encrypted in your personal EUDI wallet on your smartphone, not in a central government cloud database.