Benefits of Hyperledger Indy
Below are some of the benefits of Hyperledger Indy:
- Transparency: The information on the ledger is encrypted and visible to everyone.
- Control: Users in Hyperledger Indy will have full control over their identities.
- Existence: All the users in Hyperledger Indy will have full independent existence on the ledger.
- Protection: The platform will protect user rights all the time.
- Longevity: The user identities will stay on the ledger as long as the user wants. So, users can delete their identities if they want.
- Portability: Users have also an option to transport their identities to other devices.
- Minimization: Disclosure of any kind of documentation comes with heavy minimization.
Hyperledger Indy in Blockchain
In order to provide self-sovereign identification, the Hyperledger foundation created the Hyperledger Indy blockchain network. This network was created specifically for decentralized digital identity management. The platform offers several reusable components that are used to build digital identities for entities, along with tools and libraries. Users can use these IDs in any other application because Hyperledger keeps them on its openly accessible distributed ledger.
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