Book Image

Mastering Blockchain - Fourth Edition

By : Imran Bashir
5 (3)
Book Image

Mastering Blockchain - Fourth Edition

5 (3)
By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, it has had a massive impact in many sectors, including finance, supply chains, healthcare, government, and media. It’s also being used for cutting edge technologies such as AI and IoT. This new edition is thoroughly revised to offer a practical approach to using Ethereum, Hyperledger, Fabric, and Corda with step-by-step tutorials and real-world use-cases to help you understand everything you need to know about blockchain development and implementation. With new chapters on Decentralized Finance and solving privacy, identity, and security issues, as well as bonus online content exploring alternative blockchains, this is an unmissable read for everyone who wants to gain a deep understanding of blockchain. The book doesn’t shy away from advanced topics and practical expertise, such as decentralized application (DApp) development using smart contracts and oracles, and emerging trends in the blockchain space. Throughout the book, you’ll explore blockchain solutions beyond cryptocurrencies, such as the IoT with blockchain, enterprise blockchains, and tokenization, and gain insight into the future scope of this fascinating and disruptive technology. By the end of this blockchain book, you will have gained a thorough comprehension of the various facets of blockchain and understand the potential of this technology in diverse real-world scenarios.
Table of Contents (24 chapters)
23
Index

Digital identity

Digital identity can be defined as an electronic representation of a real-life entity, such as a human, machine, device, or organization. A digital identity can be represented by a citizen identification number, employee ID, host name, and in many other forms.

In other words, a digital identity is information that identifies an individual or entity in the digital world, e.g., on the internet.

Identity management can be defined as the process of creating, updating, deleting, and storing digital identity accounts and managing access to resources through the process of authentication and authorization.

There are several models of digital identity, including centralized, federated, and decentralized identity models. We’ll explore these models next.

Centralized identity model

The centralized identity model is what we are most familiar with. It is the most widely used model with identifiers and credentials issued by centralized service providers...