Decentralized Blockchain-Enabled Employee Authentication System

Reason To Focus On Digital Identity

Let us first discuss the reason for the significance of digital identity. Digital Identity has become an integral part of our lives with the rapid expansion of technology. We need to have an account for accessing social media profiles where we have already mentioned all our personal information, such as name, address, phone number, date of birth, mail id, etc. Digital Identity allows us to interact with and use different services available through the internet, such as banking services.

The need to reflect on blockchain identity management benefits emerges from the lack of security generally expected from identity management systems. The shifting of each and everything into the digital age has also created new approaches to identity theft. Therefore, hackers, Fraudsters, and other malicious agents are leveraging the latest identity theft tricks to rob people of their money—moreover, the conventional identity management systems relying on paper-based evidence present concerns such as misappropriation of identity.