Manuscript Number : SHISRRJ122578

Blockchain Identity Verification Models: A Global Perspective on Regulatory, Ethical, and Technical Issues

Authors(4) :-Jeanette Uddoh, Daniel Ajiga, Babawale Patrick Okare, Tope David Aduloju

In 2023, the global surge in digital transactions and data breaches underscored the need for secure, decentralized identity verification systems, with blockchain technology emerging as a promising solution. This paper examines blockchain identity verification models from a global perspective, analyzing regulatory, ethical, and technical issues that shape their adoption and effectiveness. Through a systematic literature review and comparative analysis, the study synthesizes insights from 80 peer-reviewed articles, industry reports, and regulatory documents from 2015 to 2023, employing qualitative thematic analysis and quantitative metrics to evaluate model performance. Findings reveal that blockchain models achieve 95% accuracy in identity verification, reducing fraud by 30% in sectors like finance and healthcare. However, regulatory fragmentation, with 60% of jurisdictions lacking blockchain-specific laws, and ethical concerns, such as data privacy and inclusivity, pose significant barriers. Technical challenges, including scalability and interoperability, affect 50% of implementations, limiting widespread adoption. The study proposes a framework integrating regulatory harmonization, ethical design principles, and scalable technical standards, offering a roadmap for global deployment. For policymakers, the framework provides strategies to align regulations with innovation, while businesses gain tools to implement secure, compliant systems. Ethically, it emphasizes privacy-preserving protocols and equitable access, addressing digital divides. The study contributes to cybersecurity and identity management literature by bridging regulatory, ethical, and technical domains, highlighting best practices and gaps. Opportunities for future research include AI-enhanced blockchain models and decentralized governance structures. By addressing these issues, this paper underscores blockchain’s transformative potential in fostering secure, inclusive, and globally interoperable identity verification systems, paving the way for trusted digital ecosystems in an interconnected world.

Authors and Affiliations

Jeanette Uddoh
Independent Researcher, Texas USA
Daniel Ajiga
Independent Researcher, Mississippi, USA
Babawale Patrick Okare
Ceridian (Dayforce) Toronto, Canada
Tope David Aduloju
Toju Africa, Nigeria

Blockchain Identity, Decentralized Verification, Regulatory Fragmentation, Ethical Concerns, Scalability Challenges, Privacy-Preserving Protocols

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Publication Details

Published in : Volume 6 | Issue 2 | March-April 2023
Date of Publication : 2023-03-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 162-172
Manuscript Number : SHISRRJ122578
Publisher : Shauryam Research Institute

ISSN : 2581-6306

Cite This Article :

Jeanette Uddoh, Daniel Ajiga, Babawale Patrick Okare, Tope David Aduloju, "Blockchain Identity Verification Models: A Global Perspective on Regulatory, Ethical, and Technical Issues ", Shodhshauryam, International Scientific Refereed Research Journal (SHISRRJ), ISSN : 2581-6306, Volume 6, Issue 2, pp.162-172, March-April.2023
URL : https://shisrrj.com/SHISRRJ122578

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