Digital Identity on a Blockchain Platform

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Description
The purpose of this research paper is to examine the fundamentals of blockchain technology and how the application of blockchain could serve as a future platform for identity. An identity is used, as the name suggests, to identify who or

The purpose of this research paper is to examine the fundamentals of blockchain technology and how the application of blockchain could serve as a future platform for identity. An identity is used, as the name suggests, to identify who or what an entity is. Although seen as a trivial concept, defining what truly makes up an identity can become quite difficult. Is an identity the thoughts, feelings, or tendencies of a person? Are more tangible assets like a Social Security card, birth certificate, or passport a person’s identity? Can nonhuman entities like businesses or organizations possess an identity? The true definition of an identity may never be known; however, it is certain that several pieces of identifying data lay scattered across multiple databases. Often a person may not have control or even access to these third-party databases that hold their information. Moreover, what information, for how long, and in what way the data is being used may be unclear. Blockchain provides a solution to the identity problem by providing a visible, secure single source of truth. On a blockchain platform, a person would no longer have to trust the goodwill of third parties to secure their data or be uncertain about how the data is being used. Instead, a user could secure their own data and only permission those deemed necessary. The signal immutable ledger would serve to replace current tangible identities as a means to verify yourself in a digital age.
Date Created
2019-05
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