Towards a Blockchain based digital identity verification, record attestation and record sharing system
share
In this study, we investigated the utilization of Blockchain technology in identity systems. We reviewed the drawbacks and weaknesses of traditional identity systems, and discussed the potential benefits of employing Blockchain technology for a more efficient identity system. As a result, we proposed a Blockchain based digital identity verification, record attestation and record sharing system. When compared to traditional identity systems, it makes identity verification and identity based record sharing more efficient and secure, while respecting privacy of identity owners. By exploiting the trust fabric of Blockchain, a Blockchain based identity system eliminates the middle man and wait lines for authentication, authorization, and attestation. It allows individuals to decide what parts of their identity they want to share and with whom they want to share it.
READ FULL TEXT