Decentralizing Trust: A Framework Analysis of Blockchain-Based IAM Systems for Secure and Autonomous Digital Identities
Keywords:
Distributed Ledger Technology (DLT), Security, Privacy, Trust, Digital Identity Management, Decentralized Authentication, Identity Access Management (IAM), Blockchain Technology, Decentralized Identifiers (DIDs), Verifiable Credentials (VCs), Self-Sovereign Identity (SSI).Abstract
As links, apps, and services expand online, robust IAM solutions are essential. Centralized IAM systems frequently exhibit security vulnerabilities, data silos, and singular points of failure. This vulnerability invites identity theft, unlawful access, and online distrust. The distributed ledger, immutability, and transparency of blockchain have the potential to transform Identity and Access Management (IAM).
The interplay between advanced IAM systems and blockchain technology is examined. The principal functions of blockchain facilitate safe, decentralized identification systems that thwart digital identity theft.
The report commences with typical IAM system challenges. Subsequently, blockchain cryptography, consensus mechanisms, and distributed ledger architecture are discussed. This underpins the revolution of blockchain's Identity and Access Management (IAM).
Analyze advanced blockchain-based Identity and Access Management methodologies. Frameworks emphasize Decentralized Identifiers and Verifiable Credentials. Decentralized Identifiers (DIDs) grant users control over their identification without reliance on a central authority. Authorized entities issue user-qualification verifiable credentials. The document analyzes blockchain-enabled Identity and Access Management (IAM) Verifiable Credential (VC) issuance, presentation, and validation.
We evaluate multiple blockchain Identity and Access Management solutions. Sovrin, SelfID, and Hyperledger Indy facilitate user authentication. The advantages and disadvantages of scalability, privacy, and interoperability of these frameworks are analyzed.
Research fortifies Identity and Access Management with blockchain technology. Research indicates that blockchain immutability safeguards user identities and passwords. Distributed ledgers eradicate singular points of failure, hence thwarting cyberattacks.
The document examines blockchain-based Identity and Access Management and trust inside digital ecosystems. These frameworks enhance trust by rendering identity management and credential verification transparent. This enhances secure and effective interactions among individuals, service providers, and institutions.
The social and economic implications of this technological paradigm shift are analyzed. Research indicates that blockchain-based Identity and Access Management (IAM) may expedite regulatory compliance in data-sensitive enterprises. Non-conformists may obtain secure and comprehensive access to essential services through these arrangements.
The report identifies typical obstacles associated with the adoption of blockchain-based Identity and Access Management (IAM). We manage regulation, scalability, and user education. The article ultimately recommends additional research in this expanding field.
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References
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