'How to Build an Organization With Advanced Identity and Access Management in the Web 3.0 World' softwaredevelopment technology
Today’s companies have central data storage infrastructure, and while this approach is beneficial for easy data management, it is somewhat problematic because the security foundation can come apart from a single failure point. Our current identity and access management landscape is chaotic.
. However, you can future-proof your organization by equipping your systems with Web 3-native advanced identity and access management infrastructure.In the Web 3.0 world, traditional IAM software would be replaced by distributed ledger technologies , otherwise known as the blockchain.
The blockchain system also stores credential definitions, proof of consent for data sharing, schemas, and so on, all of which attest to a verified credential.. The zero-knowledge proof allows two parties to prove their access requirements without supplying the actual personal information supporting the verification.
What if the person’s device was stolen? In that case, that device authorization can be immediately revoked, and that would take effect throughout the blockchain to ensure that a hacker cannot fraud their way to illegal access.Organizations in the Web 3.0 will need to be more agile, flexible, and efficient than they are now. To advance their business goals, they need secure and compliant identity solutions that are simple to deploy, manage, and integrate with enterprise applications.
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