Tags:Blockchain, Digital Identity System and Public Key Infrastructure
Abstract:
This paper proposes the concept of building a decentralized identification system that allows each participant to perform the role of both an identity object and an identity provider, regardless of their technical and legal capabilities. The main parameter of significance in the system is the level of trust toward the subject by the other participants of the platform and external IDs information consumers. This maintains the ability to fully manage the account and associated PII for their owner through the use of a cryptographic signature mechanism: changes to key data, PII and identifiers can be made at any time. The proposed system does not change the existing model of trust for large providers of identification services, but it allows to increase the objectivity of information about identifiers and PII of their owners by the possibility of verification of a separate identifier to each of the participants of the platform, followed by recording the results of verification in the chain of blocks. The use of blockchain technology and a consensus-reaching mechanism make it possible to synchronize the sequence of events in the system. The described global digital identity system positions itself as a source of information about global entities of specific subjects, and related personal data sets and established identifiers, while allowing the end-user of information to make independent conclusions about the level of trust of these identifiers based on related transactions. The system described is compatible with the digital asset management infrastructure and current identification tools.
Global Digital Identity and Public Key Infrastructure