Sure it does. If a digital image file can be opened without corruption then it is archival. How long that will continue is unknown. But there is no inherent reason that I am aware of that an image file cannot be kept in good condition for a very, very long time.
This supposed archival advantage touted for film is a bit of a joke based on my personal experience, as well as that of others I suspect. I think both digital and film can be maintained for long periods of time given adequate attention and time. Unfortunately it is the adequate attention that quite often fails unless your name is HC Bresson or something similar. I would be willing to bet that the digital files of some of our current famous photographers will be well maintained just like the analog files of previous famous photographers. For the rest of us it is a bit more of a gamble.
There are difficulties with long-term preservation of digital images. See "The Digital Dilemma" from the Science and Technology Council of the American Academy of Motion Picture arts and Sciences" (there are two volumes).
Also, my own experience with old film has been quite good. I am printing negatives from the 1880's, and recently, I found a stash of my father's negatives (and mine) from the mid-1960's (color and B & W) in his attic that are printing just fine. The attic temperature range was likely 10 to 100 degrees F, with high humidity. Terrible conditions for storage. Also, 8-mm Kodachrome movies from the 1950's (my grandmother's) are still in good shape.
The negatives from the 1880's were in an attic in Philadelphia until the mid 1960's, then stored in a reasonably cool file cabinet in a drier climate in Wyoming, USA. They will be going to a formal archive with cold storage soon. They were taken by a famous western author, Owen Wister. His daughter found them, by chance.
I am also working with b & w prints made in 1911 and 1912. They look great. Ironically, the National Archives in the US destroyed the negatives in 2008 (they were nitrate). I am making copy negatives of the prints. I could go on with many other examples.
Authenticity is another advantage of film, especially negatives or transparencies.