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How Blockchain Can Potentially Solve the Problem of Online Identity Fraud by faiz1971

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· @faiz1971 ·
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How Blockchain Can Potentially Solve the Problem of Online Identity Fraud
You can see that there are numerous identity scams and frauds coming to light. Data breaches, profile stealing, and password hacking are common occurrences, and many people fall victim to such scams. I see daily messages on Discord, so I urge you to be cautious on your Discord or Telegram, as these scams are active daily.  So, protecting digital identities is very important now. Blockchain technology is a game-changer here. As the scams are increasing, the current system is not good. 


![faiz 1971 thumbnail photopea (75).png](https://files.peakd.com/file/peakd-hive/faiz1971/23y8oLuWFGwdGK6TV956vPcYfbW7Fx5nNB86zdQ798Amh84yaduz8A7d8niHeGxv2ZfsN.png)


As we have been using crypto for a long time, we know that blockchain records data permanently, so data is most secure here, and the system is decentralized without an owner, and also transparent, so you can see multiple great features of this technology. Your database is not going into any hands. A network of computers is storing the data of blockchain, and that is why this is the most accurate solution for this issue.

## Self-Sovereign Identity and Tamper-Proof Records

You are the owner here, and no third party is managing your data. Here, you don't need to rely on anyone because you are the real owner. If you create this digital identity, then it is called a blockchain-based identity, and the only thing you need to do is save your digital private key, which will help you to prove yourself digitally.  The private key is most important here, so once you lose it, you lose your identity too. 

Creating a fake identity by using your date of birth, your name, your signature, and identity details is not possible here because the data is recorded permanently in the blockchain. So it is harder for the thieves to steal your data. 

## Selective Data Sharing, Better Verification Processes, and  Global Interoperability

So you think this only reduces the scam and thief but along with this benefit it is also saving money because the data is saved on blockchain so it is easy for government to accessthe data. So this is instant and secure verification. You don't need to share all the things to prove your digital identity. For example, if you are proving your date of birth, then you can prove your age there without sharing all the details. This is possible with blockchain.

Blockchain does not rely on a specific country because it is a global technology, which means this digital identity system works globally. It can be useful in many government activities, jobs, or other services. This digital identity makes everything easy and very useful for everyone. 

## Final words 

Blockchain technology is great for digital identity. It is the safest and easiest solution that can save lots of time and also protect the data. The government needs to focus on this thing. Consider sharing this information among the people, and all the comments will be appreciated. Have a good day ahead and now I am winding up this article. 



 






[Image source 1](https://www.arkoselabs.com/explained/identity-fraud/)
[Image source 2]()

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> "Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking." -Steve Jobs



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@zuliquijada22 ·
Fraud will always be around, especially stealing data to impersonate someone else. Here in my country, it is very common to clone cell phones to ask for money from family and friends. There are those who fall for it, but there will always be those who try to take advantage of any moment to commit a crime.
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