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http://dx.doi.org/10.9708/jksci.2022.27.05.127

FinDID : A DID service supporting the standard service scheme for the financial sector  

Lee, Young-Eun (Dept. of Electrical/Electronic and Computer Engineering, University of Ulsan)
Kim, Hye-Won (Dept. of Electrical/Electronic and Computer Engineering, University of Ulsan)
Lee, Myung-Joon (School of IT Convergence, University of Ulsan)
Publication Information
Journal of the Korea Society of Computer and Information / v.27, no.5, 2022 , pp. 127-138 More about this Journal
Abstract
In this paper, we present FinDID (Financial Decentralized IDentity), a blockchain-based DID(Decentralized IDentity) service that can flexibly control personal information or credentials through a systematic verification method while complying with the standard service scheme of decentralized identity for the financial sector. DID is an identity management system used in a decentralized environment without a specific certification authority, and as a technology that allows users to control their own information, it can realize self-sovereignty over users' own personal information. Through FinDID, users receive credentials that authenticate their various personal information from the issuer, select only the claims required by the target financial service using their personal electronic wallet, create presentations from credentials. Then they submit it to the financial service, leading to their qualification from the service. FinDID consists of electronic wallet, credential issuer, credential storage, DID service including DID management contract and credential management contract, and financial services using this service scheme. The DID service manages each user's DID and supports all verification processes of the associated identity management scheme.
Keywords
DID; Blockchain Service; Electronic Wallet; Financial Service; Identity Management;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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