Is blockchain going to secure your digital identity?

Blockchain technology provides several benefits to individuals, organizations, and IT systems. This is because it is a decentralized, interoperable, and immutable information infrastructure that isn’t easy to hack into.

To provide some context for all business leaders, organizations have previously managed digital identities in large, centralized databases. This makes them vulnerable to fraud, theft, and misuse. However, the decentralized nature of blockchain means that digital identities can now be managed independently. This is known as self-sovereign identity (SSI).