Secure and private future with decentralized identity

Identity management and authentication

How does the computer know we are who we really are?

How can they verify our identity

The most common method is based upon the existence or knowledge of something that no one else has.

This method is most commonly used with passwords. These passwords are expected to be unique for any given login. It makes it difficult to guess combinations of the log and password.

One of the most used methods to authenticate digital products is through email numbers and phones. We have access and can send text messages and have access to our phones.

Other examples include identity cards issued by the government and credit cards issued to banks. Many modern cards are capable of being used to enable digital signatures as well as authentication.

Let’s not forget biometricsmethods, which are finally being well done and are simple to use like FaceID or fingerprint scanners on smartphones. It’s based on something unique to us, such as our faces and fingers. ).

Password problem

Passwords aren’t secure and are easy to crack. People also tend to use the same passwords to access too many places. Although simple passwords are easy to remember, hackers can easily hack them and use personal data to gain access to it. Many of us don’t have the ability to remember complex passwords to make them difficult to break.

A major problem is the inability of digital product providers to implement security measures. Large data breaches are all too common today and often occur because of a failure to follow the security basics.

passwords are also responsible for this.

Two-factor authentication makes it much safer, but many people don’t use the feature. Sometimes it can make things more difficult, which is something that nobody wants.

Social account mean less accounts

We use less custom user/password combinations today, as we don’t want thousands of passwords.

Only a handful of authentication methods are required to access the internet or any mobile applications using social network authentications like Google, Facebook and Microsoft.

People don’t want their social accounts used for more serious activities, such as insurance or bank accounts.

All passwords vs. people-related problems exist within the context of social account.

Privacy-wise, Google, Apple, Facebook and Microsoft can see what you do online, which services you use, when you log in and so on. It is the enormous organization out there that controls your identity and not you.

Decentralized identity – You own your identity

Is there a better way? Is there a better way to imagine the world?

It’s as simple as using social media authentication but much more private and secure.

Yes, it is. It’s called Decentralized Identity.

The user can access their private keys, and the wallet protects them by using biometrics and passwords.

You can store your transactions securely using proven cryptographic systems that are publically available distributed ledgers (i.e. blockchains like Bitcoin, Ethereum, and Sovrin). Everyone can see them, but no one except you can modify your identity.

Decentralised Identifier is a unique representation for the user in digital world.

The authentication claim is sent by the web site. The other party can then find public keys on the public blockchains, verify the user’s private cryptographically, and then authenticate the user.

What is the difference? The difference?

The owner of the user’s identity is them! It’s great news, but there is no rose without a petal.

Decentralized identity . . Lost

What if you lose the digital wallet that is stored in your phone?

It’s simple to have a centralized identity. Someone keeps it for you. To get a new password/token, you need to physically go to the bank with your ID card.

Decentralized identity means that the user is responsible for storing the private key and private key passphrase safely.

From a convenience standpoint, this is very restrictive. Smartphones and laptops can also be lost or broken. One way to avoid this is to either physically print the passphrase for the private key, or store the flash drives with private keys in bank deposit boxes. We have to admit that this is not very digital.

Do you think it is a good idea to give people the ability to own their digital identities?

There is no doubt that privacy advocates and believers will agree with you.

It can be frustrating for those who are less tech-savvy.

Researchers are searching for new ways to retrieve lost keys and identities without compromising privacy.

New opportunities for decentralized identity

More than DID (ID).

Decentralized identities (DIDs) can store more information than just identifiers. This includes personal data and health information. Instead of keeping them in an external database that can be read, lost or leaked, you keep them close by you and allow access only when necessary.

Learn more about Essentially Data. The use cases can be problematic.

A decentralized identity for all devices

These identifiers can be used not only for individuals but also for billions of internet-connected devices.

Decentralized Identity – A way to the future?

The Decentralized Identity Foundation group consists of companies that work together to provide ready-to-use solutions for the world. This group includes Hyperledger and Microsoft. This list does not include Google, Apple, and Facebook.

It’s difficult to believe in this effort to create digital identity cards that are universally available for all citizens, across all countries, and which can be owned by individuals without any government or institution.

This is technically possible and smart people are working towards it.

SnapSmileShare is looking for usability enhancements for Distributed Identities, (DI), to enable your business to take advantage of new trends in security and privacy.

Blockchain technology is not something you have to sit and wait for.

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