Blockchain for Business

7Blockchain-Based Identity Management

Abhishek Bhattacharya

Whrrl, Thane, Maharashtra, India

Abstract

Identity Management comes at the crux of usability of systems and processes by eliminating the chances of fraudulent behavior. This can range from online voting and accessing government systems to as simple as logging into websites. This chapter takes a look at the potential of blockchain-based technology implementation in the use cases of identity management.

The chapter starts by taking a look at the currently existing identity management systems and the challenges associated with their usage. Next is the information about decentralized identifiers which set up the base for discussion around blockchain-based identification mechanisms and the kind of data security these systems are capable of providing—hence giving us the added advantage over stopping potential fraudulent behavior. With a global pandemic underway, it has become all the more important to explore more systems to verify identities— especially with the supposedly reducing role of contact in verification.

Keywords: Decentralized indentifiers, blockchain identity, hyperledger, nuggets, revocation

7.1 Introduction

Identity management has become one of the critical necessities in the present world. An effective identity management system is the one that provides access to data only for authorized and authenticated personnel. The greater the efficiency of the system, the better will be security. The demand for such a ...