Modular Architecture of Hyperledger Indy

What is Hyperledger Indy?

Hyperledger Indy is an open-source, decentralized identity management platform for individuals and organizations to have complete control over their digital identities. It provides a secure and scalable infrastructure to manage and store decentralized identity information, enabling the creation of self-sovereign identities (SSI) that can be used across various applications and services. Indy uses blockchain technology and cryptographic algorithms to ensure the privacy and security of identity information....

Why Do You Need Hyperledger Indy?

Centralized Identity Management Limitations: Currently, individuals and organizations rely on centralized identity management systems, which can be vulnerable to data breaches and lack of control over personal information. Lack of Privacy: Traditional identity management systems often collect and store vast amounts of personal data, putting individuals’ privacy at risk. Interoperability Issues: Different identity management systems often use different standards and protocols, leading to interoperability issues and difficulties in exchanging data between systems. Self-Sovereign Identity: With Indy, people, and organizations can manage their digital identities in a safe, decentralized manner, providing them more control over their privacy and personal data. Blockchain Technology: Indy leverages blockchain technology to create a secure and transparent identity management system that is tamper-proof and resistant to tampering. Increased Trust: Indy’s decentralized identity management system can increase trust between individuals and organizations, enabling secure and efficient transactions and data sharing. User-centric identity: This enables the user to control what information will be shared and it was also limited to the identity register that can revoke access anytime they want. No global identity: In centralized systems, there is no global record system so one has to submit the same documents every time one applies for any of the documents like PAN, driving license, etc. This can be very time-consuming and makes the process cumbersome. Lack of control: In centralized systems, users don’t have control over the system. The information will be used according to the authority’s needs....

Hyperledger Indy Consensus Algorithms

Hyperledger Indy uses the Byzantine Fault Tolerant (BFT) consensus algorithm, specifically the Plenum consensus algorithm. BFT algorithms are designed to ensure consensus in a network even in the presence of unreliable or faulty nodes....

Features of Hyperledger Indy

Decentralized Identity Management: With the aid of Indy, people, and organizations can independently and decentralized manage their digital identities. Privacy-Preserving: Indy uses cryptographic algorithms and blockchain technology to protect the privacy of identity information and ensure secure data sharing. Interoperability: Indy is designed to be interoperable with other blockchain networks and identity management systems, enabling seamless integration and data exchange. Scalability: Indy’s architecture is designed to scale to meet the demands of large-scale identity management systems. Modular: Indy provides a modular architecture, allowing developers to choose the components and tools that best meet their needs. Open-Source: Indy is an open-source platform, with a growing community of developers and users who contribute to its development and evolution. Zero-knowledge proofs: With the help of zero-knowledge proof one can disclose only the information needed without anything else to prove credentials. Peer-to-peer connection: In Hyperledger Indy, any communication would happen between two peers.  Identity correlation-resistant: Hyperledger Indy is identity correlation-resistant which means that there is no way for the platform to connect two IDs or have two similar identifications in the ledger. Self-sovereignty: Hyperledger Indy stores identities like cryptographic accumulators, public keys, proof of existence, etc on the distributed ledger....

Modular Architecture of Hyperledger Indy

Hyperledger Indy has a modular architecture that is comprised of several key components, including:...

Application of Hyperledger Indy

Hyperledger Indy has a wide range of potential applications, including:...

Benefits of Hyperledger Indy

Below are some of the benefits of Hyperledger Indy:...

Limitation of Hyperledger Indy

Hyperledger Indy has several limitations, including:...