Identity Theift

Theft of personal information is a term used to refer to a person who accidentally acquires and uses personal data of another person in a way that usually involves fraud or fraud, for financial gain. Unlike my fingerprints, personal data, especially social security numbers, bank accounts or credit card numbers, telephone card numbers, and other valuable identification data may be used in case of malicious intent. Sacrificing benefits (Weisman).

The identity is difficult to agree. Prior to the Industrial Revolution, identities were defined by families and families. As we know today, the identity in the industrial society is often associated with "bureau identity". This is defined by a passport or other government issued identity document. As David Birch explains in his book "Identity New Money", the next evolutionary step in identity can be defined by our social graph. It brings us back to the age before the Industrial Revolution, but to the concept of identity in the digital environment. Our social graph represents our true relationship, not social networks like Facebook.

In the centralized online world where we live today, our identity and personal information is owned by companies that we regularly shop online. Thus, for example, bank IDs and information are stored in banks, social media IDs and information are stored in social media providers, government IDs and information are stored in the government. In these organizations, you can change login credentials, restrict access, or delete us without permission.

A portal to the world of Self-Sovereign IDentity is created by creating a SelfKey digital wallet, an Identity wallet. This ID wallet can store personally identifiable data such as a copy of the personal passport photo page, taxpayer number, other unique identifier such as driver's license number or address proof. When you create a SelfKey wallet, it generates a unique public / private key cryptographic key pair for that person. The premise of public key encryption is that anyone can encrypt messages using the public key, but only the owner of the paired private key can decrypt the message. After creating a SelfKey wallet and loading an encrypted signed ID document, an individual can begin to share digital commerce information securely in commercial transactions.