Blockchain: The Dawn of Decentralized Identity

 

Through 2022, only 10% of enterprises will achieve any radical transformation with the use of blockchain technologies.

 

Key Recommendations that Identity and Access Management Leaders should take:

 

  • Explore decentralized identity architecture as an alternative to registration and verification of identities, especially if your organization is planning to modernize its customer/citizen identity management in the coming years.
  • Establish a decentralized identity team to initiate a limited-scale POC project to evaluate decentralized identity services. The team should experiment by adapting in-scope business processes to work with these solutions.
  • Evaluate your requirements against open issues in current decentralized identity solutions, such as compliance, initial identity proofing and binding, key management and user experience, ITF reliability and scalability, and attribute/certification revocation and update.

  

Take a look at how IAM leaders can use blockchain to simplify identity verification. 

Your last chance to join Europes best IAM leaders. View pricing.