Leveraging Block chain for Secure and Decentralized Identity Management
Ayisha Tabbassum, Pradeep Chintale, Charankumar Akiri, Nishit Bhasin · 2024
It is impossible to overestimate the significance of effective and safe identity management in the current digital environment. Strong identity management systems are now more important than ever due to the growth of online services and the growing digitalization of personal and corporate data. Identity theft, data breaches, and security lapses are commonplace with traditional centralized identity management techniques that depend on a single authoritative body for identity verification and authentication. Growing interest has been shown in using blockchain technology for identity management as a solution to these problems. Originally created as the foundational technology for cryptocurrencies like Bitcoin, blockchain provides a decentralized, impenetrable structure for organizing and preserving digital documents. Blockchain guarantees transparency, immutability, and integrity by spreading data over a network of nodes and securing transactions with cryptographic techniques. This makes it a perfect fit for identity management systems. The idea of using blockchain technology for safe, decentralized identity management is examined in this study. We seek to investigate the possible advantages, difficulties, and real-world uses of blockchain-based identity management systems by an extensive analysis of the current literature, case studies, and real-world implementations. This study aims to give useful information for enterprises, governments, and researchers interested in deploying safe and decentralized identity management systems in a quickly expanding digital environment by synthesizing ideas from diverse sources.