Novel identity management system using smart blockchain technology

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Blockchain is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud, and brings transparency in a scalable way for myriad uses. Blockchain offers decentralised credentials, making it a global system. It also promotes user-to-user data transmission. However, blockchain-based identity management is crucial for data security. The user owns the identification. Blockchain-based IDMs solve conventional IDM flaws. As technology advances, so does the need for user data protection. Advance payment to safeguard data is unacceptable. So, identity management solutions assist overcome the flaws. Blockchain consists of three important concepts: blocks, nodes, and miners. Blockchain makes life simpler by changing the way personal data is stored are made available. While the government and other third parties are addressing the problem, the users are still exposed to identity management. Personal identity management takes increasing security and productivity. Blockchain eliminates the third party by transferring data between two entities. This work develops a categorization model for Ethereum addresses based on a few criteria. Voting categorization outperforms the other models with an accuracy of 88.89% and an AUC Score of 97%.