Blockchain Based Digital Identity Solution

Abstract

Digital identity is crucial to the growth and profitability of the digital economy, as well as the growth and profitability of every organization and industry. Identity management software is typically meant to assist you in managing digital identities. In real-world applications, authentication and other activities are frequently employed. In recent years, attempts have been made to create block-chain-based identity management solutions that allow users to take control of their identity. Blockchain-based solutions have the potential to increase the efficiency of public and private sector government operations and service delivery. Blockchain has the potential to decrease expenses and fraud while improving customer service. Blockchain data is cryptographically linked and dispersed across several computers, making manipulation practically difficult. Block-chain technology can pave the way for digital identities in decentralized networks while preserving privacy, trust, and security, and it is the best and most secure platform for developing digital identity. However, the current identity management system is neither secure nor dependable. To solve the current limitations/difficulties, the Ethereum block-chain is utilized in this project to securely store identity data and share the approved identity data with applications, making it safer for users, removing the difficulty in verification, and making it fraud-proof.