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How to build a self-sovereign identity system that is beneficial to both the individual and business
Self-sovereign identity defines a system in which an entity can generate and maintain their own proof of identity. There are several solutions aimed at providing this service and storing the relevant information on a blockchain. We describe how to develop such a system using Ethereum’s smart contrac...
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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African Institute of Financial Markets and Risk Management
2020
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| _version_ | 1867613959202275328 |
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| access_status_str | Open Access |
| author | Moodley, Jothi |
| author2 | Georg, Co-Pierre |
| author_browse | Georg, Co-Pierre Moodley, Jothi |
| author_facet | Georg, Co-Pierre Moodley, Jothi |
| author_sort | Moodley, Jothi |
| collection | Thesis |
| description | Self-sovereign identity defines a system in which an entity can generate and maintain their own proof of identity. There are several solutions aimed at providing this service and storing the relevant information on a blockchain. We describe how to develop such a system using Ethereum’s smart contract platform and a browser-based application, and we demonstrate its use in a corporate that sells more than one funeral insurance product. Individuals and organizations should be able to create claims on their identities, however, only reputable organizations can verify these claims. These operations are executed by functions contained in the smart contracts and the transactions can be stored on a blockchain. A major benefit of this innovation is that an identity can be easily re-used and we show how an insurance department can do this using credentials already requested by another department. This method allows for much needed efficiency over the current system. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/31820 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:44:25.853Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | African Institute of Financial Markets and Risk Management |
| publisherStr | African Institute of Financial Markets and Risk Management |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/31820 How to build a self-sovereign identity system that is beneficial to both the individual and business Moodley, Jothi Georg, Co-Pierre Financial Technology Self-sovereign identity defines a system in which an entity can generate and maintain their own proof of identity. There are several solutions aimed at providing this service and storing the relevant information on a blockchain. We describe how to develop such a system using Ethereum’s smart contract platform and a browser-based application, and we demonstrate its use in a corporate that sells more than one funeral insurance product. Individuals and organizations should be able to create claims on their identities, however, only reputable organizations can verify these claims. These operations are executed by functions contained in the smart contracts and the transactions can be stored on a blockchain. A major benefit of this innovation is that an identity can be easily re-used and we show how an insurance department can do this using credentials already requested by another department. This method allows for much needed efficiency over the current system. 2020-05-06T13:14:31Z 2020-05-06T13:14:31Z 2019 2020-05-06T01:33:59Z Master Thesis Masters MPhil https://hdl.handle.net/11427/31820 eng application/pdf African Institute of Financial Markets and Risk Management Faculty of Commerce |
| spellingShingle | Financial Technology Moodley, Jothi How to build a self-sovereign identity system that is beneficial to both the individual and business |
| thesis_degree_str | Master's |
| title | How to build a self-sovereign identity system that is beneficial to both the individual and business |
| title_full | How to build a self-sovereign identity system that is beneficial to both the individual and business |
| title_fullStr | How to build a self-sovereign identity system that is beneficial to both the individual and business |
| title_full_unstemmed | How to build a self-sovereign identity system that is beneficial to both the individual and business |
| title_short | How to build a self-sovereign identity system that is beneficial to both the individual and business |
| title_sort | how to build a self sovereign identity system that is beneficial to both the individual and business |
| topic | Financial Technology |
| url | https://hdl.handle.net/11427/31820 |
| work_keys_str_mv | AT moodleyjothi howtobuildaselfsovereignidentitysystemthatisbeneficialtoboththeindividualandbusiness |