Most contemporary digital identity discussions deserve another label: They are mostly about electronic trust ecosystems, considering all kinds of attributes beyond just pure identity. Additionally, nowadays they include natural persons, legal entities and (internet of) things. Everyone seems to agree the future is decentralized and all this only works with these curious wallets. Andre Kudra takes us on a journey through electronic trust ecosystems, diving into questions like: Which ones do we already have today? Some are successful, others not – why? Regulators are on it, too: What will eIDAS 2.0 and the EUDIW bring? What’s in the pipeline in other parts of the world? Will organizational digital identity (ODI) now invoke the breakthrough of decentralized identity overall? Why is decentralized identity the only way for Zero Trust Architectures which deserve the name?