A Self-Sovereign Identity Blockchain Framework for Access Control and Transparency in Financial Institutions
Hsia‐Hung Ou, Guanyu Chen, Iuon‐Chang Lin · Cryptography · 2025
In recent years, with the development of blockchain technology and increased awareness of personal privacy, Self-Sovereign Identity (SSI) has become a hot topic. SSI gives customers more autonomy over their personal information, allowing them to control who can access and use their personal information. This provides customers with higher levels of privacy protection, as their data are no longer controlled by centralized institutions. To address the credit assessment needs of financial institutions, this paper proposes a Customer Self-Sovereign Identity and access-control framework (CSSI) based on SSI technology. Customers can securely store assessable assets and credit data on the blockchain using this framework. These data are then linked to a digital account address. With customer authorization, financial institutions processing loan applications can comprehensively evaluate customers’ repayment capabilities and conduct risk management by accessing this credit data. CSSI assists financial institutions in optimizing complex and repetitive processes involved in customer credit assessment and loan origination through SSI and access control, thereby reducing unnecessary risks.