Digital Identity Management System Through Blockchain
Digital Idenitity Management System Through Blockchain is a web 3.0 approach to securing and storing a user's credentials such as their degrees, certifications and personal items that are associated with their identity. The project aims to reduce identity theft issues, such as use of counterfeit deg
Project Title
Digital Identity Management System Through Blockchain
Project Area of Specialization
Project Summary
Digital Idenitity Management System Through Blockchain is a web 3.0 approach to securing and storing a user's credentials such as their degrees, certifications and personal items that are associated with their identity. The project aims to reduce identity theft issues, such as use of counterfeit degrees or theft of such information by implementing a trust triangle. This trust triangle consists of three parties representing different roles in the process of obtaining and sharing these credentials, named Issuer, Holder and Verifier. An Issuer (representing the degree's crafter) is responsible for generating degrees as NFTs (Non-Fungible Tokens) with the ownership belonging to the Holder and store them on the blockchain. The Holder (holds the NFTs and references to their degrees on the blockchain) can share these with the Verifiers (responsible for validating the authenticity of the degrees from the blockchain) on their own will. This fact that blockchain is used to store the instances of these NFT degrees, makes them secure and immune to theft and forgery due to the immutable nature of blockchain infrastructure. A verifier only needs to cross check the NFT with the signature of the issuer in order to prove its authenticity, unlike the manual methods of attestations today. This provides security, speed, authenticity and integrity in the process of issuing, holding, sharing and verifying user credentials.
Project Objectives
To improve the current system of issuing and verifying user certifications, degrees and credentials by using the immutable nature of blockchain and reduce issues like theft, forgery, and use of counterfeit credentials.
Project Implementation Method
The project is based on three distinct applications representing one of each entity in a trust triangle. These applications depend on the Blockstack blockchain by Stacks. The project is being built on the testnet provided by Stacks.
Benefits of the Project
This fact that blockchain is used to store the instances of these NFT degrees, makes them secure and immune to theft and forgery due to the immutable nature of blockchain infrastructure. This provides us with a modern solution to verify what belongs to who and whether it is legitimate.
Technical Details of Final Deliverable
The project is divided into three components which are linked to one another through the distributed ledger. The end product relies on the process of Proof of Transfer consensus.
Final Deliverable of the Project
Core Industry
Other Industries
Core Technology
Other Technologies
Sustainable Development Goals
Required Resources
| Item Name | Type | No. of Units | Per Unit Cost (in Rs) | Total (in Rs) |
|---|---|---|---|---|
| STX Tokens | Miscellaneous | 1 | 10000 | 10000 |
| Total in (Rs) | 10000 |
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