IAM

Whenever I see the acronym "IAM", I would think of "Intellectual Asset Management". That "IAM" also stands for "Identity and Access Management" is new to me. I reckon that "IAM"s double meanings complement each other, as they enable unrelated parties to exchange value directly in the digital age.

"I know who I'm, but how could others (including machines) identify me, and vice versa?" I thought when I was participating in a monthly international blockchain consortium meeting. "When I try assisted or self-service via my hand-held device, the other side would always verify who I claim to be by checking my identifiers such as personal particulars."

The finance industry deploy lots of resources in preventing identity and access fraud. Blockchain technology suggests a reliable, effective and efficient solution to the unsatisfactory B-B and B-C situations. Blockchain technology could minimize the costs structure and the risk, enhancing trust and reliability at the same time.

In my view, when the blockchain technology is well adopted, it could offer a total solution to the digital licensing of copyright works. I believe such B-C and C-C smart contracts executed via code-based instructions should work. Blockchained IAM should capture and deliver value, and I would collaborate with the technology sector to prove my concept!

#IAM