The Impact of Adopting Blockchain-based Identity Access Management: Current Applications and Potential Directions
S. Pl. Subramaniyan, Sandeep Prabhu · 2023
The aim of this study is to delineate how blockchain based identity access management (IAM) contributes to the creation of a more secure infrastructure by increasing the user data's transparency, accountability, and reliability while lowering the time and cost associated with providing services. This research employs a qualitative use case approach to gather and analyse data, and it compares traditional identity management to the identity management system based on blockchain in order to elucidate the advantages of blockchain-based IAM in an enterprise ecosystem. The findings suggest that the blockchain can act as a decentralized repository for identity data that can be verified and integrated into identity management, giving everyone in a company's network access to the same information about which credentials are legitimate and who has access to the database identification's legitimacy without disclosing the data itself. Blockchain-based IAM is a model that emphasizes a user-centric approach, by giving users full control over their digital identities. This may lead to increased concern among enterprises and organizations about trusting their users i.e., employees. Less attention is paid to the use of blockchain in information and cybersecurity. Therefore, his article helps enterprises by outlining best practices for implementing blockchain technology-based IAM and its benefits for gaining a competitive advantage.