Digital identity is the information about an individual or organization available on the web. Typically, digital identity includes business-sensitive and personally identifiable data (PII) such as:
Centralized online service providers control and use this user information silo to identify, validate, and track users for availing their services. However, they often exchange data without users’ consent. This user data exists in databases that are vulnerable to hacks. It warrants the need for creating trusted identities with an authentic, global, and self-sovereign digital identity management solution.
The self-sovereign identity model places identity stakeholders (owners, verifiers, and issuers) in control of their sensitive data. It calls for a system that enables these identity stakeholders to manage and disclose selective PIIs individually in a peer-to-peer manner.
The essential features of a systematic decentralized, self-sovereign identity management solution are:
Hyperledger Indy provides tools and components to develop a distributed, permissioned solution on a global scale. It makes it possible to develop a system that brings analog IDs under one platform, similar to the real-world wallet concept. It is ideal for programming IoT devices and enabling stakeholders to accumulate digital credentials and authenticate themselves without intermediaries.
Indy provides solutions to eliminate information silos and fix database vulnerability.
Developing a decentralized identity solution with Hyperledger Indy provides real-time reconciliation and authentication. With comprehensive security features, it replaces multiple usernames and passwords with encrypted digital identities.
The solution enables individual identity owners in a blockchain network to avail these key functionalities.
The solution uses blockchain as a trusted repository to establish a secure identity and relationships. Most importantly, it does not store any PII on the ledger.
Indy enables the storage of identities on a ledger with distributed ownership. These identities comprise of proof of existence, public keys, and cryptographic accumulators enabling revocation. It means, no one but only the owner has the right to change or remove an identity.
Indy preserves privacy by default as each identity owner in the decentralized, distributed network operates without any friction or intermediary.
Indy combines and transforms identity claims resembling credentials like birth certificates, passports, and driving licenses, with multiple efficient mechanisms. For instance, it uses zero-knowledge proof to enable selective disclosure of data required by any particular context.
Our blockchain developers are skilled in developing innovative industry solutions using blockchain technology. They have gained experience in various dimensions of blockchain development. Our blockchain team develops solutions that meet the demands of a distributed, permissioned identity solution with point-to-point credentials exchanges.