Azgari Lipshy writes about technology, yoga and her solo travels around the world. She is a degreed quota-carrying technology industry sales and account management professional with progressive territory growth for enterprise and channel sales.
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Benefits of Blockchain for Identity and Access Management - By Azgari Lipshy
1. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Society's push toward digitalization also leads to the digitization of personal identities.
From health information to professional certificates, the requirement for identification
information and credentials is expanding in number, diversity, and significance.
Traditionally, third parties monitor and confirm identification information —
government or commercial sector. However, declining levels of trust and innovative
technologies are causing people to challenge these structures.
Paper-based forms of identity are becoming more unsuited for the digital age due to the
growing volume of personal data, the prevalence of digital interactions, and the severity
of security concerns. It is uncertain, though, how future technology will transform
identity.
2. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Identifying, authenticating, and authorizing users of services or systems is a major task
for identity and access management (IAM) technology in business and government
environments. Several operations come under this rubric, and "access" might mean
anything from a user logging into a system to an employee setting hardware, a citizen
utilizing a government service, or any other kind of user verification, certification, or
confirmation. Examples of identity traits include job, nationality, service provider
affiliation, government benefits eligibility, and demography. In addition to serving as
digital representations, these tags can stand as proof of our identities.
Among the many new technologies that might serve as templates for IAM is distributed
ledger technology (DLT), also known as the blockchain. DLT is best understood as a
catch-all phrase for a family of related technologies that facilitate distributed designs for
data protection and processing. Its primary feature allows the network to record and
verify activities like purchases, logins, and chats, rather than relying on a third party.
Blockchain technology — or blockchain-inspired solutions — might enhance IAM
operations in various scenarios if implemented correctly. Among such scenarios are the
following:
3. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Elimination of Paper-Based Identity Management
Eliminating paper-based identification management is the primary advantage of
blockchain for identity management. Blockchain identity management systems can
assist when users misplace their original papers by acquiring duplicate ID proof. Users
who forget or lose their original ID proof credentials can retrieve them using
Blockchain Identity Management, but they must go through specific procedures.
Organizations can ensure that documents are irreversible and tamper-proof with
blockchain identity management. With the guarantee of security and dependability,
government authorities can preserve ID evidence of individuals on a blockchain. In
addition, the permanence of the ID proof record is ensured by blockchain security.
4. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Self-Sovereign Identity (SSI)
Despite the idea of complete “self-owned” and “returning control of all attributes to the
end user” preceding blockchain and IAM by a significant amount of time, DLTs have
inspired several creative concepts that allow for increased self-ownershipof personal
data. Consensus methods created expressly for attribute dependability are one example.
Nonetheless, higher-risk corporate use cases like those in healthcare or financial
services would always call for a third party to verify identity assertions.
5. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Independently Verifiable credentials
As stated by the W3C, "Verifiable credentials represent statements made by an issuer in
a tamper-evident and privacy-respecting manner." As an integral part of the identity
verification process, DLT affords the opportunity to "digitally stamp" a permanent
claim. Similar to how artists may now digitally watermark their original material using
blockchain-based Nonfungible Tokens (NFT), this same capacity can be used to
authenticate credentials. However, businesses should not keep Personally Identifiable
Information (PII) on the blockchain itself but rather keep the hash of the claim on the
blockchain.
Decentralized Identifiers (DID)
DIDs are identifiers under the authority of the identity owner, without the involvement
of centralized authorities or resources. These are a part of SSI’spersonal data intention
to be user-controlled and not re-assignable. This indicates that digital identifiers have
public key documentation, authentication mechanisms, and verifiability through
cryptography or the signature of an issuing authority.
6. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Provenance
Blockchain can help determine the source and precision of identification attributes. An
attribute is only as trustworthy as confidence in its source. A shared ledger might
establish transparency in the timestamps of sources providing identification traits, much
as it has increased transparency and efficiency in monitoring commodities across the
supply chain. In particular, synchronous insight into the lifespan information of
cryptographic keys or who has access to what might be beneficial for key lifecycle
management. Furthermore, the academic community is also consideringusing
blockchain provenance since it might help with the authentication and verification of
credentials for recruiting.
Minimization of Data
To authenticate a user, traditional service providers require a lot of verifiable data.
Different DLT features, such as zero-knowledge proofs, smart contracts, and selective
disclosure, can be set up to reduce the amount of data or attributes needed for
verification.
7. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
Conclusion
This blockchain aboveuse cases outline the advantages of merging blockchain with
IAM, but they ignore a crucial fact: identity is difficult to manage. Even though IAM
connects many systems, domains, technologies, and service providers, encoding
identity data into DLT is more than a technical task. It's crucial to inquire about the data,
including what has to be saved, who should attest to it, how it's maintained, and who
makes the decisions. These inquiries incorporate philosophical, financial, cultural, and
legal factors. Although the technology is still developing, it can convert centralized but
dispersed hubs that now serve as identity control points into a decentralized yet linked
web of trust.
About The Author
Azgari Lipshy writes about technology, yoga and her solo travels around the world.
She is a degreed quota-carrying technology industry sales and account management
professional with progressive territory growth for enterprise and channel sales. She is
an annual achiever that has worked as both an individual contributor key account
manager and sales organization team leader.
8. Benefits of Blockchain for Identity and Access Management - By
Azgari Lipshy
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