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Universal IDs have gained the attention of many governments. The feeling is that universal IDs could help counter terrorism, increase national security, discourage fraud and make life easier for citizens. The problem with universal IDs, such as REAL ID in the United States and Aadhaar card in India, is that they can lead to the creation of national databases and these databases are not always safe.& Nbsp;
Only in the first half of 2018 were they & nbsp;668 data breaches& nbsp; in all US industries, including banks, corporations, education, government / military and health care that have exposed over 22 million records. Many of these types of violations stem from databases that have & nbsp;weak or default security configurations, which can leave them open and vulnerable to cybercrime attacks.
As cybercriminals find new ways to break databases, it becomes difficult for national ID databases to remain secure in the long run. Because they store a variety of data from millions (or billions) of individuals within a population, they're a honeypot that cybercriminals are eager to attack.
Preventing criminals from accessing identity data and using them for identity fraud, account acquisitions, and fraud with synthetic identities is a serious problem that my company and many others have committed to pursuing. In 2017, identity fraud has reached a record level, with approx 16.7 million Affected US consumers. There is a clear need to develop a technology that contrasts cybercriminals and makes information on safer identities. With blockchain technology, I believe there is an opportunity to tackle this growing social problem and better protect identity data.
Problems with national identity databases
In the United States, the real ID has seen reject by state and other governments since its inception in 2005. Consumer privacy advocates state that REAL ID will put personal information at risk. According to the International Association of Privacy Professionals, he states that it is necessary to issue ID REAL to grant other states and the federal government access to their state identity card data. Some opponents& nbsp; they claimed that, in effect, this builds a national database, even if the United States Department of Homeland Security& nbsp; denies that you create a federal database.
Some privacy advocates think that it is not wise to contain a complete profile of a person within that database, since it could put people's information at risk of identity theft. I think it changes the question from "Will a data breach occur?" To "When will a data breach occur?"
As with REAL ID, some defenders of privacy I believe it is not wise to maintain a centralized database of personal information for Indian citizens. They think it can make cybercriminals focus on attacking the database.& Nbsp;This was the case of the Aadhaar card since it was introduced in 2009.
In March 2018, a state-owned public service company in India has lost data. The private information of Aadhaar holders – including their names, unique identification numbers and bank details – has been compromised during this attack. This has shown the world that many governments are currently unable to handle large amounts of identity data and keep them safe.
A possible solution for the security of centralized identity databases
Clearly, the way some centralized identity databases are currently protected does not work. I believe technology professionals should think outside the box to create a security solution for centralized databases. & Nbsp; Some think blockchain it's the answer. They believe that a distributed ledger can be used to decentralize information about identity.
Using the blockchain, identity information could be securely archived using cryptography. This is similar to the way cryptocurrencies are cryptographically stored in portfolios on the blockchain.
A wide variety of identity documents could be stored on the blockchain in one place – an identity portfolio of sorts – and each portfolio could have its own form of cryptography. The main advantage of this is that identity information would become decentralized on a distributed ledger. This would make it much more difficult for cybercriminals to carry out large-scale identity data breaches because they would have to affect each portfolio individually.
Another advantage of this technology is that it could give individuals more control over their data. They may have the freedom to update their data in one place, give companies access to their data and decide which data to share with certain people.
The challenges of Blockchain Identity technology
Currently there are companies committed to creating this blockchain identification technology. At this time, however, the technology is still under development. Because companies determine how to create technology, they may also have to prove its usefulness in the real world. From there, companies could put pressure on governments around the world to implement it. This could create a new identity security standard that is not present today.
One of the big challenges with blockchain identity technology has to do with who will create it. Since this is an open source technology, many companies may not be forced into space because the monetization of identity blocks is difficult. Furthermore, it is difficult to determine who will manage the software that accesses the technology. As a company, we may have to determine how to make the technology of blockchain identity useful and profitable under our current economic structure.
Another challenge that is worth noting with blockchain identity technology concerns property rights. Once a person uploads their own information on the blockchain, does he maintain the rights to such data? I think this question and others will need to be addressed so that blockchain identity technology is successful.
I believe that blockchain could be a remarkable solution to the current global identity crisis. While the technology is not infallible, it could offer a better way to tackle a challenging global problem. Blockchain identity portfolios could help everyone from governments to private sector companies to protect their data. We hope this technology helps to make data breaches a story from the past.
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Universal IDs have gained the attention of many governments. The feeling is that universal IDs could help counter terrorism, increase national security, discourage fraud and make life easier for citizens. The problem with universal IDs, such as REAL ID in the United States and Aadhaar card in India, is that they can lead to the creation of national databases and these databases are not always safe.
In the first half of 2018 alone, there were 668 data breaches in all US sectors, including banks, businesses, education, government / military and health care, which exposed over 22 million records. Many of these types of violations stem from databases with weak or default security configurations, which can leave them open and vulnerable to cybercrime attacks.
As cybercriminals find new ways to break databases, it becomes difficult for national ID databases to remain secure in the long run. Since they store a variety of data from millions (or billions) of individuals within a population, they're a honeypot that cybercriminals are eager to attack.
Preventing criminals from accessing identity data and using them for identity frauds, account acquisitions, and fraud with synthetic identities is a serious problem my company and many others are doing. Identity fraud reached record levels in 2017, with some 16.7 million affected US consumers. There is a clear need to develop a technology that contrasts cybercriminals and makes information on safer identities. With blockchain technology, I believe there is an opportunity to tackle this growing social problem and better protect identity data.
Problems with national identity databases
In the United States, REAL ID has seen the pushback of state and other governments since its inception in 2005. Consumer advocates of consumer privacy claim that REAL ID will put personal information at risk. According to the International Association of Privacy Professionals, he states that it is necessary to issue ID REAL to grant other states and the federal government access to their state identity card data. Some opponents have argued that, in effect, this creates a national database, even if the US Department of Homeland Security denies having set up a federal database.
Some privacy advocates think that it is not wise to contain a complete profile of a person within that database, since it could put people's information at risk of identity theft. I think it changes the question from "Will a data breach occur?" To "When will a data breach occur?"
As with REAL ID, some privacy advocates believe it is not wise to maintain a centralized database of personal information for Indian citizens. They think it can make cybercriminals focus on attacking the database. This was the case of the Aadhaar card since it was introduced in 2009.
In March 2018, a state-owned public service company in India had a loss of data. The private information of Aadhaar holders – including their names, unique identification numbers and bank details – has been compromised during this attack. This has shown the world that many governments are currently unable to handle large amounts of identity data and keep them safe.
A possible solution for the security of centralized identity databases
Clearly, the way some centralized identity databases are currently protected does not work. I believe technology professionals should think outside the box to create a security solution for centralized databases. Some think that blockchain is the answer. They believe that a distributed ledger can be used to decentralize information about identity.
Using the blockchain, identity information could be securely archived using cryptography. This is similar to the way cryptocurrencies are cryptographically stored in portfolios on the blockchain.
A wide variety of identity documents could be stored on the blockchain in one place – an identity portfolio of sorts – and each portfolio could have its own form of cryptography. The main advantage of this is that identity information would become decentralized on a distributed ledger. This would make it much more difficult for cybercriminals to carry out large-scale identity data breaches because they would have to affect each portfolio individually.
Another advantage of this technology is that it could give individuals more control over their data. They may have the freedom to update their data in one place, give companies access to their data and decide which data to share with certain people.
The challenges of Blockchain Identity technology
Currently there are companies committed to creating this blockchain identification technology. At this time, however, the technology is still under development. Because companies determine how to create technology, they may also have to prove its usefulness in the real world. From there, companies could put pressure on governments around the world to implement it. This could create a new identity security standard that is not present today.
One of the big challenges with blockchain identity technology has to do with who will create it. Since this is an open source technology, many companies may not be forced into space because the monetization of identity blocks is difficult. Furthermore, it is difficult to determine who will manage the software that accesses the technology. As a company, we may have to determine how to make the technology of blockchain identity useful and profitable under our current economic structure.
Another challenge that is worth noting with blockchain identity technology concerns property rights. Once a person uploads their own information on the blockchain, does he maintain the rights to such data? I think this question and others will need to be addressed so that blockchain identity technology is successful.
I believe that blockchain could be a remarkable solution to the current global identity crisis. While the technology is not infallible, it could offer a better way to tackle a challenging global problem. Blockchain identity portfolios could help everyone from governments to private sector companies to protect their data. We hope this technology helps to make data breaches a story from the past.
