Decentralized Identity Use Cases and Applications by Industry

Blockchain-based identity solutions can securely verify and record identity-related data without the need for a centralized entity, enabling users to prove, control, and manage their digital identity on the internet. Those solutions have the potential to transform many traditional industries.?

1/ Higher education records and skills credentials

With decentralized identity solutions, users can store their personal certification information securely in their crypto wallets, giving them complete control over their information. This allows them to easily share these verified credentials with others, who can then confirm the authenticity and content of the certificates.

2/ Medical and healthcare records

Decentralized identity solutions could be applied to many areas of healthcare by enabling secure and confidential storage, updates, and management of individual records.

3/ Digital identity for refugees and stateless persons

A decentralized identity solution can be created to ensure a person’s identity is preserved and updated even when they are forced to relocate. This technology can also track their diverse needs and facilitate efficient resource allocation by nation-states, allowing them to give better support to the refugees.

4/ Anti-counterfeiting

Blockchain technology serves as a ledger, tracking crucial information about goods from their origin while the information in the metadata works to authenticate all items and data in a production line.?

5/ Supply-chain management?

Decentralized identity solutions could transform supply chain management by simultaneously and transparently enabling all stakeholders involved including the shipping company, wholesaler, customs agency, retailer, and consumer to securely and transparently track product data in real-time. This technology ensures all stakeholders have simultaneous access to the same information.