The digital world in which we live in today has brought some opportunities as well as challenges. One of the key challenges of living in a digital world is that of security. There is a lack of security which is mainly as a result of the lack of a credible identity management system that is universally consumable.
The available identity systems which we have today are not trusted by players in different industries. Furthermore, solutions that are based on crowdsourcing are not credible and do not meet the set regulatory requirements and standards.
Even when there is an effort to address these challenges, getting governments, all the industry players, and consumers from different jurisdictions to agree on a framework becomes a problem. So the challenges have been partly technical and partly political.
As we keep growing and adopting digital technologies, such as smartphones, Augmented Reality and Virtual Reality, blockchain, cryptocurrencies, and the Internet of Things (IoT), there is no better time than now to address the challenges of cybersecurity.
A World Hungry For Solutions
Governments and corporations and indeed humanity are now seeking for solutions to these problems. An important part of tackling the challenges of identity security in our world today is by creating a legal identity for all citizens of the planet. This would increase access to health care and economic growth and development for everyone across all the continents.
Understanding Decentralized Identity and Access Management Infrastructure
The Decentralized Identity and Access Management (dIAM) infrastructure is an infrastructure whose goal is to ensure that the integrity and security of any system is not compromised by any single third-party.
To create a Decentralized Identity and Access Management system, the universal baseline responsible for processing the data of live identities is offered by Mobile Station International Subscriber Directory Numbers (MSISDNs) which are popularly utilized in identifying a mobile phone number internationally.
Simple Public Key Infrastructure (SPKI)
Simple Public Key Infrastructure (SPKI) is used for the purpose of signing identity data to validate identity. SPKI provides the decentralized model for this purpose.
The SPKI system offers the benefit of allowing the platform to have decentralized control which is secured by billions of private keys.
Conclusion
Validating digital identities is an important reason for using SPKI and providing global cybersecurity and social KYC.
A decentralized identity platform has shown to be the easiest way to deal with the problem of multiple identity systems in a digital world. To learn more, do click on any of these links below;
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Author - Coltpython
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