As technologies keep on evolving, there will never be a definite solution in any technology related initiatives. Additionally, with e-commerce becoming a trend in our daily activities as well as remote work and collaboration tools climbing up to IT priority ranking, these changes will lead to a never ending changes in IT solution. Recently, decentralised identity is beginning to rival other model as the most efficient identity and access management model (IAM). This is as a result of the need for better method that not only capable in improving data protection and reduce data and privacy breach but also giving the end users absolute authority to their own personal identity. While, many enterprises had started to turn attention to decentralised identity, how actually it helps? In the exact matter of questions, how does decentralised identity work?
To begin with, one of the important key values of decentralised identity is secure cryptographic storage on the blockchain. Thus, decentralised identity is a “trust framework” made possible by the blockchain. So how does decentralised identity work?
In decentralised identity, when a user uses an application, ‘identity wallet’ which is the application will let user generates his or her own digital identity which includes credentials and personal information. Simultaneously, the creation of this digital identity generates a cryptographic keys (public and private keys). Subsequently, the identity wallet sends a registration payload with a public key to the blockchain thus generating a unique identifier respective to the wallet whereas the private key remains with the user’s identity wallet for authentication purpose.
This way, as the users’ identifier is stored in the user’s identity wallet instead of the issuer database, users can have secure digital identity storage and most importantly complete control on their information which includes what to share about and with whom.
E-SPIN being active in helping enterprise customers to implement enterprise digital transformation technology to achieve scale, scope and speed. E-SPIN since 2005, already in the business of supply, consultancy, integration, training and maintenance of various supplies for enterprise customers and government agencies. Feel free to contact E-SPIN for identity and access management infrastructure and application security, infrastructure availability and performance monitoring solution.
Other post that may interest you:
1. Identity Verification-What is Decentralized Identity?
