How Tenbeo’s Distributed Ledger Technology Brings Privacy and Security to Identity Management

And why it’s critical infrastructure for ensuring freedom and democracy in the digital age.

Is there a better way?

Distributed Ledger Technology (DLT) presents a way to, for the first time — efficiently, securely, and at scale — prove you are who you say you are. It does this by distributing the ledger (that tracks identity information) across a number of nodes, with all nodes agreeing to a consensus mechanism for making updates to the ledger. This provides not only the traceability and transparency needed to keep everyone honest, it also provides the redundancy needed to ensure mistakes aren’t made, and that the information persists through time.

How does DLT-based self-sovereign identity work?

With a DLT-based identity management system, people collect digitized and encrypted pieces of information about themselves (from governments, academic institutions, hospitals, banks, etc.) and manage them in a digital vault for which only they hold the key. The information itself is stored in encrypted form by the nodes which constitute the network, meaning the nodes don’t have access to the contents of the data they store.

A new paradigm for identity management

It’s important to note that DLT-based decentralizing of identity management doesn’t mean dismissing the state or destroying business potential. Rather, it promotes good governance, improves customer experience, and reduces costs.

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Tenbeo

Universal Authentication Protocol | Your heartbeat defines who you are