PROTECTION OF CONFIDENTIALITY, PRIVACY AND FINANCIAL FAIRNESS IN A BLOCKCHAIN BASED DECENTRALIZED IDENTITY MANAGEMENT SYSTEM

摘要

A processor-implemented method improves security in a blockchain network of devices, which supports a blockchain, by protecting security, privacy, financial fairness, and secure transfer of identity assets. An identity asset provider device creates an identity asset related to an entity. The identity asset provider also creates a provider key, which is composed of multiple bits, and which is needed to decrypt an encrypted version of the identity asset. The identity asset provider device transmits the provider key bit-by-bit to an identity asset consumer device. A price for the provider key depends on how many bits have been transmitted to the identity asset consumer device.