A processor-implemented method improves security in a blockchain network of devices by protecting security, privacy and ownership assurance of identity assets, where the blockchain network of devices supports a blockchain. An identity asset provider device establishes co-ownership of an identity asset for an identity asset provider and an entity. The identity asset provider device directs a first member of the blockchain network of devices to associate identities of the identity asset provider and the entity based on their co-ownership of the identity asset by using commitments between the identity asset provider and the entity and based on collaborative proof of ownership of the identity asset using zero knowledge proofs in the blockchain network of devices.
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