How Blockchain Can Bring More Transparency in Digital Identity Management

What Makes for Digital Identity?

Before we get any further into the topic at hand, let’s do a quick review of the basics of digital identity.

  • Identity is very important. It is what allows us to avail of public services, conduct transactions, give a vote, get an education and apply for a job, etc. It’s what makes us the part of society.

How Blockchain Technology can Help in Digital Identity Management

With the present system of identity management, our data is not bulletproof. It can be stolen, replicated or mishandled by third parties. We might be the owner of our identities but we have no control over it. Blockchain technology can stop that and bring more transparency in the way identities are being used for various services.

  1. Secondly, it is immutable, meaning that the data in the blockchain is protected by cryptographic hashing making it tamper-proof.
  2. Thirdly, blockchain promotes transparency in a system. All the participants or nodes in a blockchain network can see the data that has been entered.
  • It will also prevent tampering of digital data and digital processes

Industry Names Providing Digital Identity Management and Verification Services

The top names in the blockchain sector providing digital identity management and verification services are:

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