Foundations of Blockchain

Digital identity

Digital identity is one of the inherent features of the original blockchain implementation in Bitcoin. It identifies the owner of an asset. It can also store vital user information, which can be shared with any third-party, but only with the user's consent. The digital identity of the user stored on the blockchain can be shared with different applications, which reduces the unnecessary replication of the user's KYC operation to verify the identity. Moreover, the digital identity provided by the blockchain ensures the user's identity can be verified globally.

Many organizations are working towards the digital identity feature of the blockchain so that they can remove their dependency on using servers to maintain users' confidential ...