Safer than a traditional P2P network protocol
BitCherry P2Plus how to improve the security of electronic identity?
Among the many emerging use cases of blockchain technology, digital identity management and verification is perhaps one of the most promising. In 2018 alone, billions of people were affected by personal data breaches, all around the world. There is an undeniable need for more secure methods of storing, transferring, and verifying sensitive information. In this context, blockchain systems may bring valuable solutions to some of the difficulties faced by most centralized databases.
The implementation of cryptography and blockchain in digital identity may provide at least two major benefits. The first is that users can have better control over how and when their personal information is used. This would greatly reduce the dangers associated with storing sensitive data in centralized databases. Also, blockchain networks can provide higher levels of privacy through the use of cryptographic systems. As mentioned, zero-knowledge proof protocols allow users to prove the validity of their documents without the need to share details about them.
The second advantage is the fact that blockchain-based digital ID systems can be more reliable than the traditional ones. For instance, the use of digital signatures could make it relatively easy to verify the source of a claim made about a user. Other than that, blockchain systems would make it harder for a person to falsify a piece of information, and could effectively protect all sorts of data against frauds.
How can blockchain apply to digital identity systems?
P2Plus Network Protocol Security
Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can 14 be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered, but don't ensure confidentiality and privacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSL, P2Plus authorizes network read/write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.
BitCherry to P2Plus network protocols plus HashGraph algorithm as the core, I believe BitCherry blockchain technology based on electronic identity would be an efficient and safe technical support.
Blockchain technology has great potential to change the way digital data is verified, stored, and shared. While many companies and startups are already exploring the possibilities, there is a lot to be done. Still, we’ll certainly see more services focused on digital ID management in the coming years. And most likely, blockchain will be a central part of it.