Our identity system is hopelessly outdated. You might not be aware of it because you are using it on a daily basis and all seems to be blockchain based identity crisis action. However, identity faces a major crisis and some big challenges need to be solved, which can only be done by bringing identity into the 21st century. However, what is identity? Only if we know what identity blockchain based identity crisis action, will we be able to change how we deal with identity.
However, it is a lot more difficult than one would expect. Is identity your name that your parents gave you or blockchain based identity crisis action it the nickname that your friends gave you? Is identity your Facebook, Twitter or Blockchain based identity crisis action username, is it your employee number at your work or is it your social security number?
These are just some of blockchain based identity crisis action questions that come up when thinking about identity. However, that is is not all. Once you have identified who you are, we have to deal with the persistence of identity; which you is you? Is your identity who you are today, yesterday or tomorrow? Is it your physical appearance, your perceived identity, your feelings and thoughts or your actions? If you change your attitudes, behaviour or even your physical body your cells are replacing itself constantlydoes it change who you are?
Identity is a lot blockchain based identity crisis action complex than you might have thought and we have not yet even started about group identity and all those devices that you can connect to the internet, do they have an identity as well?
As it appears, they do, and if we want to connect billions of devices to the Internet of Things, we have to solve our identity crisis. Identity is built up of many different attributes, which are constantly changing and evolving regarding priority and durability.
Some attributes, such as your name and social security number will blockchain based identity crisis action with you for your entire life, not counting exceptions of people who change their name for whatever reason.
Others, such as your employee number, your student number, your address or phone number, will come and go on a constant basis and may stay with you for several years or more.
While others again can be very short lived, such as a username on a forum or website. Each of these attributes has different, uniquely identifiable, characteristics and the combination of them make up who you are, although you might perceive that differently.
The same goes for devices. As with people, machines have a variety of attributes that make up its identity. For example, the type of device, the brand, the colour, the characteristics and its capabilities. The problem with identity in its current form is that these attributes are scattered across hundreds of organisations and obtaining some of these attributes and re-creating your identity has become very easy.
As such, identity theft is a serious problem. There are different forms of identity theft including grave robbing, social media fraud, medical identity theft, synthetic identity theft, tax identity theft and there is also commercial identity theft. They all have two things in common: Unfortunately, identity theft is not the only problem that makes up our identity crisis.
Identity verification is the second problem. Verifying your identity can be as simple as showing an ID or can result in a laborious and time-consuming task, involving multiple documents from a variety of organisations as well as verification questions to prove who you are.
Verifying your identity happens all the time, online and offline. KYC is the process that, especially financial institutions, need to have in place to verify the identity of customers to prevent money-laundering activities or even terrorism. Identity verification is so engrained in our lives blockchain based identity crisis action we might not even see how out-dated the system of identity verification is.
Identity theft and identity verification are two big challenges related to identity, but the biggest challenge that we are facing is the identity exclusion that millions of people face every day. Since being able to show a proof of your identity is a necessity to participate blockchain based identity crisis action social and economic activity, not having one can have deeply damaging consequences for individuals. Most these people live in the developing countries blockchain based identity crisis action are already dealing with major other problems.
Apart from the personal problems, not having up-to-date population data prevents local governments from developing and executing proper social services. As a result, approximately million children are not registered at birth and as such do not exist. Not having proper population statistics prevents business, governments and NGOs to do business frictionless.
It prevents proper planning and budgeting if you do not know who and how many people you are dealing with. For blockchain based identity crisis action that face already a multitude of problems, this poses a real challenge and often solving those challenges start with solving the identity problem first. One country that is working hard on giving all their citizens an identity blockchain based identity crisis action India. The objective of the system is to provide every Indian with a government-issued identity card, linked to blockchain based identity crisis action biometric details and with a digit number based on their biometrics and demographics.
As of April1. It is the most sophisticated identity platform and has a blockchain based identity crisis action of enrolling 1 blockchain based identity crisis action people per day.
The proof of identity enables Indian citizens to have easy, online and portable access to government services and the system is linked, through Application Programming Interfaces APIswith other, non-governmental, services such as banks. As such, it enables those organisations to comply with KYC. AadHaar is a great example of how a government brought their identity system into the 21st century, blockchain based identity crisis action there are, as always with project of this scale, privacy and design concerns such as.
Although AadHaar has been built for the 21st century, it lacks one major technology that is currently making waves across the globe. AadHaar does not incorporate Blockchain and, as such, all the problems that are currently existing with identity remain. Blockchain is the technology behind Bitcoin.
It is a distributed ledger, or database, that facilitates trustless peer-to-peer transactions removing the need for intermediaries, where data becomes immutable, verifiable and traceable. It has been said that blockchain will do for transactions what the advent of the internet did for the sharing of information. Already, the financial services industry is investigating how Blockchain, or distributed ledgers, can be applied to improve a sector that is known for using legacy hardware and software.
If you know that banks, in its purest form, are there to facilitate financial transactions, it is easy to see how Blockchain can make banks redundant if they were to ignore this revolutionary technology. Fortunately, they do not and Blockchain has the potential to drastically improve the industry, reducing settling times, making banking cheaper and more widely available.
However, Blockchain also offers enormous potential to solve our identity crisis. If pushed by governments, it could provide those excluded with a much-needed proof of identity and allow them to improve their services. A well-known example of a government working hard to bring identity to the 21st century is Estonia.
The small country in Eastern Europe has been digitalising their government since it restored its independence in and they have become a global role model for e-government. As a result, Estonia built an e-residency program based on the Blockchain, which enables anyone in the world to become an e-resident of Estonia. Once accepted, it allows the e-resident the possibility to start a company, open a bank account and start doing business. This enables anyone to benefit from the efficient services of Estonia while bringing new revenue streams to Estonia.
A revolutionary approach that, instead of focusing on tax benefits, focuses on efficiency benefits, which can be quite lucrative for organisations. Estonia is not the only country that sees the potential of the Blockchain for government services. Although Dubai is still behind Estonia, the objective is to make government services more efficient and make doing business in Dubai easier.
Having no bureaucracy and efficient government services certainly, contributes to that vision. In the coming years, we will likely see more governments that move to the Blockchain and develop identity solutions on the Blockchain. In addition, we will see more and more identity solutions developed by startups.
Self-Sovereign Identities are still in development and there are many startups working on solutions to bring identity to the Blockchain. Each solution is slightly different from the other and has a different approach regarding tokenisation, hashing and encryption.
Some of the pioneers in digital identity are as follows, in alphabetical order. These startups, and many more, aim to develop solutions around identity for all industries. It can be foreseen that any industry can benefit from digital identities that are verified using the Blockchain.
Once governments and startups have developed decentralised and distributed identity solutions, the three main problems of identity, theft, verification and exclusion, have a chance of being solved and resulting in an improved world. This article originally appeared on Datafloq. Identity Theft The problem with identity in its current form is that these attributes are scattered across hundreds of organisations and obtaining some of these attributes and re-creating your identity has become very easy.
Identity Verification Identity verification is the second problem. Identity Exclusion Identity theft and identity verification are two big challenges related to identity, but the biggest challenge that we are facing is the identity exclusion that millions of people face every day. India and AadHaar One country that is working hard on giving all their citizens an identity is India. AadHaar is a great example of how a government brought their identity system into the blockchain based identity crisis action century, although there are, as always with project of this scale, privacy and design concerns such as Blockchain and Identity Although AadHaar has been built for the 21st century, it lacks one major technology that is currently making waves across the globe.
Identity Blockchain Startups Self-Sovereign Identities are still in development and there are many startups working on solutions to bring identity to the Blockchain. Some of the pioneers in digital identity are as follows, in alphabetical blockchain based identity crisis action Banqu App: They offer a secure, portable digital identity that maintains transaction history through blockchain based identity crisis action proprietary blockchain-based platform for the poorest people - http: Blockchain based identity crisis action call themselves the first decentralised borderless voluntary nation - https: BlockAuth is developing a framework to verify user authenticity while also enabling an easy-to-integrate OpenID authentication system - http: It is built on a public blockchain data blockchain based identity crisis action and as such, they do not store any data or keys - https: A self-sovereign identity blockchain developed initially by Evernym, who have since then open-sourced the platform.
They aim to build the missing layer for secure identity on the internet - https:
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