Various cutting-edge technologies like Machine Learning, biometrics, RPA, and multiple methods have been evaluated till now for protecting the digital identity.
The reason is that the control of the data remains with one entity, tampering with the data and loss of data is easy, and thus digital identification takes time.
This is why blockchain solutions are being adored because they bring trust and transparency to the entire digital identity management. You need good blockchain consultant facilities through online resources.
Let’s have a look at the pillars of digital identity:
In blockchain-based systems, decentralization is useful when it comes to digital identity management because the metadata(data of data) is maintained in the distributed ledger.
The data’s authenticity is verified through multiple nodes via a consensus mechanism. This blockchain mechanism is quite useful in digital identification when national identities are used across multiple agencies.
When it comes to security in any field, blockchain is one of the revolutionary technologies that removes the vulnerability associated with password protection.
It has been designed to maintain the data in an encrypted and immutable manner and is secured through cryptography. It also keeps the digital identity protected and traceable.
Blockchain’s identity system can maintain each identity across all the nodes in the network. The data is maintained across peer-to-peer networks and is continuously reconciled and kept to update.