Yesterday, enterprise blockchain company R3 announced it signed up as a steward for the
Sovrin Network, the public self-sovereign identity network. R3 now joins
75 other organizations which operate validation nodes for the decentralized network.
With growing concerns around the security of centralized digital identity databases, blockchain is being seen as a tool to increase the protection of personal data. Sovrin allows users to control their identity and credentials, and the user can store their data as they see fit. This might include birth date, qualifications and even medical records.
Personal details are not stored on the Sovrin blockchain, which uses Decentralized Identifiers (DiDs) to enable the verification of an individual’s data. The network uses blockchain to help to verify that the data was issued by trusted organizations such as government bodies. So storing the trusted organization’s public identity is one of the primary roles of the blockchain.
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