A Self-Sovereign Identity Architecture Based on Blockchain and the Utilization of Customer’s Banking Cards : The Case of Bank Scam Calls Prevention

Abstract

The need to use a wide variety of online services is rising every day in today’s digital age. In order to authenticate and authorize users to access services, identity management is essential. To solve several problems such as fragment identity repositories, aim for identity theft and data breaches and identity correlation, the evolution of identity models across siloes, centralized and presently self-sovereign identity based on distributed ledger is emerging. Self-sovereign identity returns the power to the proprietor of the identity and puts the user at the core of the model. In this paper, we propose a framework to identify scam bank service calls and avoid possible loss of personal accounts. Our framework is based on Hyperledger Indy, a public and permissioned Distributed Ledger Technology. The proposed framework strengthens the Know Your Customer process and enhances the trust of third party agencies delegated by banks to deliver many financial items.