Hyperledger Indy is a platform that provides libraries, tools, and reusable parts to create digital identities that are based on blockchains and other ledgers distributed to ensure that they can work across various digital networks, administrative domains and applications.
After the identity has been created, it is possible for the user to give a name that is human-readable for their identity.
In the ledger, the identity name is transformed into an individual identity key known as DID (decentralized identification numbers). Various individuals or companies can communicate with one another by using these DIDs.
What Is Hyperledger Indy?
Hyperledger Indy is a Blockchain specially designed to facilitate an identity management system that is decentralized. It stores a variety of libraries and tools made up of various components that can be utilized to create distinct digital identities.
Hyperledger Indy is the central repository of these identities, which can be used across other web-based applications or domains.
Let us understand in depth the architecture, the working, and the various components of Hyperledger Indy, which are the backbone of building a single, unique, self-sovereign digital identity.
- Elements in Hyperledger Indy,
- Cryptography
- Ledger
- State
- Storage
To authenticate and verify an individual on the network, Hyperledger Indy implements the below procedures,
- A) Holder – responsible for securing the user’s credentials
- B) Issuer – responsible for issuing and granting credentials to requestors after verification.
- C) Verifier for checking and verifying the legitimacy of the person making the request.
- D) Registry Repository, which contains the records of all digital identities of users
Key Features of Hyperledger Indy
1: Self-sovereignty
From Hyperledger Indy’s documentation, you’ll be aware that the framework stores identities in an open ledger. There are certain artifacts the platform can store for you.
These artifacts typically include cryptographic accumulators and proofs that exist, key public, and many others. Nobody else, however, you are able to change or eliminate your identity from it.
2: Privacy
As a default, the platform will protect your privacy settings. In actuality, the Hyperledger Indy manual explains how it will safeguard the privacy settings and how it can operate without conflict with any other party.
3: Valid claims
In real life, identity claims could have the same credentials, like a driver’s license, birth certificate, or passport. You can mix these to make it more effective.
In addition, you can establish your identity by using one unique ID from the ledger. There is no need to present all documentation in each instance.
4: Purpose-built
It’s designed to be used for decentralized identities exclusively. In accordance with the Hyperledger Indy documentation, you can utilize the platform to integrate into any organization that deals with identity.
Therefore, you don’t need to look for a different solution or create your platform only to integrate into your industry.
5: Identity Correlation-resistant
This is one of the most impressive features of Hyperledger Indy. According to the Hyperledger Indy documentation, it’s completely identity correlation-resistant.
Therefore, you don’t need the worry about leaving breadcrumbs between one ID and another.
Furthermore, there’s no way for the platform to join two IDs or have two similar IDs on the ledger.
6: Decentralized Identifiers (DIDs)
In accordance with the Hyperledger Indy documentation, all identified decentralized identifiers are globally resolvable and distinct without requiring a central entity to be included.
Thus, each decentralized account on the platform will be a unique identifier that is only yours.
Nobody can claim or use your identity to claim it as their own. Thus the issue of identity theft could be greatly reduced.
7: Peer-to-peer Connection
In the Hyperledger Indy tutorial, the platform is the capability of establishing a peer-to-peer connection. This means that any communication will occur with two other peers.
It’s not the same as other central servers since, in this the case, the server acts as an intermediary.
However, with Hyperledger Indy, there will be no intermediary.
8: Zero-Knowledge Proofs
With the help of zero-knowledge proof, you can provide only the necessary information and nothing else.
If you need to prove your credentials, you are only able to disclose the information you require. For instance, if you are required to reveal the birth certificate of your child, you can choose whether or not to release that information. Thus, it offers you greater control over your personal information.
9: Hyperledger Indy Use Cases
There are numerous possibilities Hyperledger Indy uses cases for both individuals and businesses. Let’s take a look and what they can do.
10: Digital Documents
It is possible to obtain any digital document like a birth certificate, driver’s license, passport, passport and so on.
The most appealing thing is that you could also get other documents that are important on the blockchain, mainly to be used in applications that require blockchain for enterprise.
11: Password-less Authentication
Another of the top Hyperledger Indy uses is that it permits you to use a password-free authentication process.
In any case, passwords are much more difficult to break; that’s why you can sign into a secure site using your fingerprint or any other biometric you can access from your mobile.
12: End of Spam
With Hyperledger Indy Use Cases, you will not receive any other spam email messages. In addition, you won’t have to check your phone numbers every so often also. Thanks to their super-protective layers, no email from spammers will be able to get through without your consent.
13: Membership Management
This is best suited to businesses in the enterprise sector because they can utilize Hyperledger Indy applications for managing their distributed subscription model. In essence, the Indy agent is your membership card, and you’ll be able to use it anywhere you have access.
14: Age Restrictions
Today, the internet has evolved into a space that is accessible to anyone. There are times when, in the absence of limitations, people can use information. This is why devices, websites, and services can function better when they have an age limit.
For instance, game designers might prohibit children from taking part in specific games or making specific purchases in-game.
With Hyperledger Indy cases for the use you will not receive any other spam email messages. Additionally, you don’t need to check your phone numbers often. With their highly-protective layers, no email from spammers will be able to get through without your consent.
User Benefits of Hyperledger Indy
- Control The user will be able to exercise complete control over their identity.
- Transparency The ledger’s information is accessible to everyone. But, the information is encrypted.
- Access The user is the only one who has access to their information.
- Interoperability: Users can use their identity across any network that accepts them.
- Consent Anyone who wishes to gain access to information will require consent from the user.
- Existence: Every user will have a whole and independent existence in the ledger.
- Longevity: It will stay on the ledger for as long as the user wishes. They can, in turn, remove their personal information at any time they’d like.
- Portability It is also possible for users to transfer their IDs to different devices.
- Reduced: Any disclosure kind of document is accompanied by massive diminution.
- Protect: The platform will safeguard user rights at all times.
With the help of certified blockchain developers, businesses looking to use Hyperledger technology can take advantage of it. It is possible to use the Hyperledger certificate program “is an approved tier of certified service providers who have years of knowledge. It allows companies to use Hyperledger efficiently,” so businesses can be assured that every service provider has the knowledge and expertise.
