How does block chain technology protect digital identity?

Today’s traditional identity management system is highly concentrated, causing multiple third-party service providers to control your data. This problem can be clearly seen on multiple existing social media and e-commerce platforms. On these platforms, users no longer be able to individually control their personal information, causing their confidential data to be leaked and abused.

Current situation

At present, each online platform requires users to provide verifiable credentials to access products and services. This “digital identity” contains all related information related to individuals.

The centralized platform usually collects sensitive and personal data related to the user’s “digital identity”, and then stores them in a centralized server with regular data. According to the design, centralized ecosystems are dispersed, and the transparency provided by users is the lowest, and it becomes more and more unsafe.

In addition, centralized identity management systems lack the function of self-sorghum identity management, resulting in verification, verifying and managing process redundancy of user digital identity throughout the lifecycle. These operations have quickly become too expensive, repeated, and boring, need to manually coordinate and verify.

Therefore, we need a trusted and reliable solution that allows users and businesses to interact while protecting data privacy and security.

Block chain rescue

The identity management solution for block chains can eliminate digital identity.

Essentially, the block chain guarantees the security and invariance of distributed networks. Using the power of the block chain distributed book technology (DLT), the detrimentary identity management solution not only allows the user to completely control their data again, but also prevent data leakage and abuse.

Going to centralize identity management makes anonymous transactions transparent and cannot be changed. It also reduces transaction costs and improves process efficiency, because the lifecycle management of digital identities is managed by the decentralized intelligent contracts according to pre-set rules.

Use block chain technology, users (and business) to create and manage their detrimentary identity. You can generate a detrimentary identifier (DID) to individuals, entities, or even objects, link to the pseudonym profile of the user IP address. A single user can have multiple DIDs to further limit the amount of privacy they need. For example, you can set a DID for the game platform, and set a different DID for the financial platform. During the whole process, cryptography plays a key role in ensuring data security, privacy, and invariance. DID is a private key, which means that only key owners can prove that they have or control your identity.

As the demand for peer-to-end data privacy is increasing, the word “self-sovereign identity” has become a hot topic in recent years. In the simplest form, self-sovereign identity means that end users must fully control personal information in their devices (and services). At the same time, users can also choose to provide the information they need to third parties and determine themselves.

Going to centering will undoubtedly play a key role in shaping the future of the Internet. The Web 3.0 revolution has begun, and the demand for the demand for the demand for the detrimentary identity management solution of the power back to the user is at the highest level.