What is a blockchain identity system?

Blockchain identity systems enable users to monetize their own data, track how it’s used, and easily share and secure it. In the off-chain world, “ Digital Identity ” (D-ID) refers to the aggregated information that is collected by various parties and platforms when a user spends time and conducts activities online.

What is blockchain & how does it affect identity?

The traditional identity systems of today are fragmented, insecure, and exclusive. Blockchain enables more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems. How Does Identity Work Today?

What is blockchain based identity verification?

Blockchain-based identity verification provides enhanced security as it eliminates the need for centralized third-party verification services and prevents identity fraud and theft. Healthcare Records: Patients can create and manage their own digital identity while healthcare providers can securely verify patient records and medical histories.