Blockchain Identity Solutions, a set of decentralized and secure services that reduces the manual work of the participants by controlling the actions via a distributed and trustworthy model.
BLOCKCHAIN IN IDENTITY MANAGEMENT
The blockchain technology is advancing various sectors by rendering security, privacy, transparency, and a lot more features, adding value to their businesses. Thus, by employing blockchain in identity management, data and user privacy can be safeguarded in a highly secure manner.
PROBLEMS WITH THE EXISTING IDENTITY MANAGEMENT
The existing method of identity management is neither safe nor stable. Whenever a user wants to open a bank account, apply for loan, or book tickets, he/she has to undergo multiple verification like submitting a government ID proof, attaching a photo, and so on. This process is so tiring that many users end up before half of the verification gets over. Also, sharing multiple impressions leads to data breaches and other privacy concerns.
HOW BLOCKCHAIN DISRUPTS IDENTITY MANAGEMENT?
Blockchain technology opens the gate for self-sovereign identity through decentralized networks. A self-sovereign identity guarantees privacy and trust, where the IDs are secured, validated, and approved by acknowledged users.
Blockchain Firm provides secure, legit, and digitized identity solutions through Secure Identity Platform (SIP) via two or multi-factor authentication, thus eliminating the entry of usernames and passwords each time. Learn More with best Enterprise Blockchain Solutions.