In this session, we will start with identifying the current problems in traditional identify management methods like bad password combination, failure due to manual provisioning and de-provisioning process, no regulations for access restriction, non-updated applications, and others. We’ll then walk through detailed Blockchain features of decentralization, immutability, and transparency and learn how it these features will help us solve the aforementioned problems.

Blockchain has revolutionized decentralized finance, and with smart-contracts has enabled the world of Non-Fungible Tokens, set to revolutionize industries such as art, collectibles and gaming. Blockchains, at the very core, are distributed chained hashes. They can be leveraged to store information in a decentralized, secure, encrypted, durable and available format. However, some of the challenges in Blockchain stem from the bloat of storage.