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Digital identity management is a crucial segment for the growth and viability of any digital economy. It can be considered fundamental to all organizations across the public sector. Blockchain for government digital identity is an ideal approach for resolving challenges related to identity and access management. Credentials can be easily verified without compromising the actual data against any cyber breaches.
A digital identity encompasses all the things that any individual has on the web. This may include user behavior, images, shopping preferences, and even your banking information. In short, a digital identity includes both, the offline and the online identity of an individual. Blockchain technology helps in securing these identities in a decentralized manner and also offers better security with advanced cryptographic techniques.
Digital identity blockchain solutions create decentralized identifiers to associate digital identities with verifiable credentials. Blockchain in digital identity can help current ecosystems eradicate identity challenges like data insecurity, inaccessibility, and fraudulent identities.
Bloom Genesis’s blockchain identity solutions for the public sector provide an ideal solution for issues faced in digital identity management. Here are a few advantages of using blockchain for government digital identity management.
Blockchain for government digital identity has the potential to address many problems associated with current digital identity management systems. Here are some possible solutions and benefits of blockchain for digital identity.
Work with Bloom Genesis to leverage the most from a trusted and secure blockchain-based platform. We can help you build unique capabilities that help issue, manage, and verify any government digital identity. Create a security-rich hub of user-identity data and tap into an outcome-driven network of digital credentials.
