Blockchain-enabled Digital Identity
Most use cases require some way to identify the participants in the eco-system, whether it’s citizens, companies or IoT devices. Blockchain-enabled digital identities make it much easier to link use cases and digitize complex business processes. More importantly, it can be done with complete privacy in mind, unlike many existing digital business processes.
It’s no surprise that a blockchain-enabled digital identity has been selected as a high-priority use case for the EU project EBSI (European Blockchain Services Infrastructure).
The Future of Digital Identity
- Many layers of identity (attributes)
- Many sources of identity
- Potentially many service providers
- Understanding consumer needs will be essential (convenience)
- A definite need for strong security!