Having a Digital Identity may sound like an abstract idea but being able to correctly identify which online device we are interacting with is a cornerstone in the online world. The number of connected devices is steadily increasing, forecast to reach about 18 billion in 2022, and the issuing and management of Digital Identities for those devices is a fundamental part of the security and automation for these devices.
Blockchains are a list, or rather ‘chain’, of blocks linked up through cryptography. Each block features encrypted transaction data and it can’t be modified. This means that two parties can transact in a secure way, with no need for further verification. It signals an entirely new way to trust.