How to build a self-sovereign identity system that is beneficial to both the individual and business

dc.contributor.advisorGeorg, Co-Pierre
dc.contributor.authorMoodley, Jothi
dc.date.accessioned2020-05-06T13:14:31Z
dc.date.available2020-05-06T13:14:31Z
dc.date.issued2019
dc.date.updated2020-05-06T01:33:59Z
dc.description.abstractSelf-sovereign identity defines a system in which an entity can generate and maintain their own proof of identity. There are several solutions aimed at providing this service and storing the relevant information on a blockchain. We describe how to develop such a system using Ethereum’s smart contract platform and a browser-based application, and we demonstrate its use in a corporate that sells more than one funeral insurance product. Individuals and organizations should be able to create claims on their identities, however, only reputable organizations can verify these claims. These operations are executed by functions contained in the smart contracts and the transactions can be stored on a blockchain. A major benefit of this innovation is that an identity can be easily re-used and we show how an insurance department can do this using credentials already requested by another department. This method allows for much needed efficiency over the current system.
dc.identifier.apacitationMoodley, J. (2019). <i>How to build a self-sovereign identity system that is beneficial to both the individual and business</i>. (). ,Faculty of Commerce ,African Institute of Financial Markets and Risk Management. Retrieved from en_ZA
dc.identifier.chicagocitationMoodley, Jothi. <i>"How to build a self-sovereign identity system that is beneficial to both the individual and business."</i> ., ,Faculty of Commerce ,African Institute of Financial Markets and Risk Management, 2019. en_ZA
dc.identifier.citationMoodley, J. 2019. How to build a self-sovereign identity system that is beneficial to both the individual and business. . ,Faculty of Commerce ,African Institute of Financial Markets and Risk Management. en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Moodley, Jothi AB - Self-sovereign identity defines a system in which an entity can generate and maintain their own proof of identity. There are several solutions aimed at providing this service and storing the relevant information on a blockchain. We describe how to develop such a system using Ethereum’s smart contract platform and a browser-based application, and we demonstrate its use in a corporate that sells more than one funeral insurance product. Individuals and organizations should be able to create claims on their identities, however, only reputable organizations can verify these claims. These operations are executed by functions contained in the smart contracts and the transactions can be stored on a blockchain. A major benefit of this innovation is that an identity can be easily re-used and we show how an insurance department can do this using credentials already requested by another department. This method allows for much needed efficiency over the current system. DA - 2019 DB - OpenUCT DP - University of Cape Town KW - Financial Technology LK - https://open.uct.ac.za PY - 2019 T1 - How to build a self-sovereign identity system that is beneficial to both the individual and business TI - How to build a self-sovereign identity system that is beneficial to both the individual and business UR - ER - en_ZA
dc.identifier.urihttps://hdl.handle.net/11427/31820
dc.identifier.vancouvercitationMoodley J. How to build a self-sovereign identity system that is beneficial to both the individual and business. []. ,Faculty of Commerce ,African Institute of Financial Markets and Risk Management, 2019 [cited yyyy month dd]. Available from: en_ZA
dc.language.rfc3066eng
dc.publisher.departmentAfrican Institute of Financial Markets and Risk Management
dc.publisher.facultyFaculty of Commerce
dc.subjectFinancial Technology
dc.titleHow to build a self-sovereign identity system that is beneficial to both the individual and business
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMPhil
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