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Blockchain working on a secure Personal Identification Service


Have you ever created an account online? If so, were you asked to make a username and password? Maybe it asked you for some personal information like your full name, and home address? The answer to those questions for all of us is a resounding yes. For example, when I made my first bank account I had to provide all sorts of personal information to the bank manager in order to verify my identity and create an account with them. This data is usually entered in digitally into a computer and then stored somewhere onto a hard drive or uploaded to a central repository somewhere else. These repositories or "honey pots" are prime targets for hackers to go for because they contain an abundance of customer account information, which is considered very valuable for obvious reasons. Blockchain on the other hand may soon have a solution to end the open exchange of personal information. "Blockchain distributed ledger technology (DLT) – in combination with digital identity verification – holds the potential to solve online privacy issues that plague everything from consumer sales and bank know-your-customer regulations to employee credentials that allow access to confidential business systems" (Mearian). Basically the identity service can store a customers personal information into a digital wallet, this wallet can be stored on the individuals phone as an app which asks the users permission to exchange information to other entities. Say you call or walk into a doctors office and it's your first time there, you want to make an appointment but don't want to sit there and fill out a form with all your personal information.. Good news, you got your digital wallet! The receptionist or employee sends a request to your phone that asks for your permission and then you can authorize the exchange and it can all happen with one click. I think it's awesome that Blockchain is working on technology like this. In this day and age, it is no doubt that this service would become incredibly useful to everyone. 

Sources:
S1- https://www.computerworld.com/article/3329962/blockchain/how-blockchain-may-kill-the-password.html

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