Steadying the Personal Identity Information Game with Self-Sovereign Identity

 
MENLO PARK, Calif. - Sept. 27, 2021 - PRLog -- Steadying the Personal Identity Information Game with Self-Sovereign Identity

With the digital identity ecosystem shift, ownership, consent, and privacy are recurring themes that govern user data. Traditional identity management models are defined by centralized, isolated, and inefficient systems exercising excessive control over user data.

Challenges with existing personal identity systems in healthcare

Patient Identity is of utmost importance as it provides access to insurance claims, medical records, health services and ensures smooth functioning of the healthcare machinery.

According to the World Bank's ID4D Database, "almost one billion people globally lack any form of legally recognized identification." As can be expected, this adversely affects immigrants and marginalized communities who lack access to proper healthcare, banking, and essential services.

Maintaining digital identity with verified credentials promises to eliminate issues encountered with physical identification credentials. With the raging global COVID-19 outbreak, this has become imperative to make healthcare systems efficient and accessible for tracking and tracing the virus's global spread.

The current centralized identity systems are vulnerable to data breaches, impacting patient identity, consent management, and information access across stakeholders. Self-Sovereign Identity may be a powerful solution for this problem.

Self-Sovereign Identity – the solution to centralized identity systems

Self-Sovereign Identity or SSI is an identity that the user owns. It can be imagined as a portable identity for an individual or an organization independent of a centralized controlling authority. The identity credentials are held in the owner's digital identity wallet, which can exercise complete control over who can access exactly what information.

The ID owner chooses what attributes of their identity are to be shared with other parties. SSI is based on blockchain or Distributed Ledger Technology, with Decentralized Identifiers and Verified Credentials as pillars of the digital identity management system.

With matters of data ownership, consent, and privacy increasingly driving our data decisions today, Self-Sovereign Identity promises to be the future of the personal identity information game. SSI empowers the owner with complete control over the dissemination and access of personal data. With a more secure system in place, SSI technology promises a plethora of benefits.
  • Reduction in bureaucracy
  • More interoperability among systems
  • Consent and control over sensitive information
  • Reduction in data management costs
For more details : Visit - https://www.trantorinc.com
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Tags:Digital Birth Certificates
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