Blockchain – The Future Of Digital Identity?

A New Paradigm for Proof of Identity

Government agencies, prominent tech companies, startups and newly-created foundations are all working to develop a new paradigm for proof of identity based on blockchain technology. Known as "digital identity," "decentralized identity," or "self-sovereign identity," it would allow individuals to control their own digital identities, limit access to personal data, and provide a much-needed, secure replacement to the current username and password system for access to websites. Digital identity also holds promise for the more than one billion people worldwide who lack officially recognized proof of their existence and, as a result, are deprived of protection, access to banking, education and basic rights.