Identity management and blockchain

- What makes blockchain technology so compelling…is that it has broad disruptive applications.…We've already seen many potential uses…in several industries.…One of the most exciting and promising opportunities…is identify management.…It's an important societal, political, economic…and computer science issue.…But a foolproof method of proving one's identity…has been an elusive goal.…Sure, systems require users to register…their personal details, new credit and debit cards…have embedded chips, and organizations use…many other methods to try to authenticate identity.…

But there are few checks and balances that work…to ensure 100% integrity.…Governments have provided multiple mechanisms…for identity management, from passports to identity cards.…All have ultimately failed as forgery-proof methods,…with the rare exception of Estonia…which had the unique opportunity to build…digital identity from the ground up…when it became independent in 1991.…The reality is a world replete with identity…theft and fraud.…

In our digital world, the need for robust identity…