Society’s growing reliance on digital interactions has made innovative digital identity management systems essential, especially as cybercrime incidents and associated costs rise dramatically. For both businesses and individuals, digital identities have become the gateway to vital services, including banking, healthcare, and government resources. In this post, Volume XLVIII staff editor Daniel Goldberg explores how blockchain technology, with its decentralized and secure structure, is emerging as a powerful solution for digital identity management. The piece delves into blockchain’s potential benefits and examines the regulatory challenges it faces, particularly under the European Union’s stringent GDPR standards.
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