Blockchain identity management

Identity management: what is it?

The framework of procedures, guidelines and technological tools known as identity management are designed so that only individuals with the proper authorization can access technical resources, data or services. Managing identity and access systems constantly changes in order to enhance user experience and security; a real challenge as data is accessible on-line, 24/7, in a global environment. The current identity management system must overcome the main obstacles such as:

·      identity theft

Individuals divulge personal information online through many unidentified sources or services, which may allow their identity documents to fall into the wrong hands. And since some apps save their data on centralized servers, hackers can more easily breach those systems and steal confidential data. Leewayheartz states that the Breach Level Index “indicates that 4,861,553 records are stolen daily, including an hourly total of 202,565 records, 3,376 each minute, and 5…