Blockchain-based Digital Identity: Investigating blockchain-based digital identity solutions for secure and portable identity verification, reducing identity theft and fraud
Published 30-12-2023
Keywords
- Blockchain,
- Digital Identity,
- Identity Verification,
- Identity Theft
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
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Abstract
Abstract
Blockchain technology has gained significant attention for its potential to revolutionize various industries, including digital identity management. This paper explores the concept of blockchain-based digital identity and its implications for secure and portable identity verification. By leveraging the decentralized nature of blockchain, these solutions aim to reduce identity theft and fraud, offering users greater control over their personal information. This paper provides an overview of blockchain technology, discusses the benefits and challenges of blockchain-based digital identity, and examines existing solutions and their effectiveness. Additionally, it explores the potential impact of blockchain-based digital identity on industries such as finance, healthcare, and government. Through this research, we aim to provide insights into the future of digital identity management and the role of blockchain technology in enhancing security and privacy.
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References
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