Blockchain Digital Identification

With the help of the blockchain, which can host and transact unlimited amounts of valued assets through its publicly distributed ledger, identities could be verified on the blockchain, and thus be less prone to fraud. This service automatically verifies a person’s multiple social media accounts, past documentation records by linking them to their social security number, passport, and other official papers through Smart Contracts.

Individuals that enter the blockchain database, therefore, could be provided with rights such as opening bank accounts, signing contracts, or applying to university. In addition, this solution offers data and identity security and accessibility to immigrants and refugees who might have lost documents and proof of existence. However, from governments to organizations, a set of standards should be established to consolidate the implementation of this type of digital identity.