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Blockchain identity management Market is projected to grow up to USD 13.25 billion by 2027 growing at a CAGR of 81.5% during the forecasting period 2021-2027.. Blockchain identity management is a type of identity management tool that consists of a blockchain-based digital verification and authentication process that is performed by the user.

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Blockchain technology, which uses cryptography to store and link data blocks across virtual networks, is becoming increasingly popular. Upon verification, every block of information contains a complete and accurate record of every transaction that can't be changed once it's been verified.

There are two main types of blockchain: public blockchains and private blockchains. In a public blockchain, computers are connected to the public internet, which allows any other computer connected to the same network to participate in the transaction.

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The key players of the market are IBM (US), AWS (US), Civic Technologies (US), KYC-Chain (Hong Kong), Bitfury (US), Evernym (US), Factom (US), Netki (US), ShoCard (US), UniquID (US), Microsoft (US), Oracle (US), Bitnation (Switzerland), Nodalblock (Spain), EdgeSecure (Airbitz, US), Blockverify (UK), Peer Ledger (Canada), Cambridge Blockchain (US), uPort (US), Originalmy (Brazil), Neuroware (Malaysia), Tradle (US), Existenceid (Australia), Coinfirm (Poland), and BTL Group (Canada). The stakeholders in the market include blockchain identity management technology providers, independent software vendors, consulting firms, system integrators, Value-added Resellers (VARs), and Information Technology (IT) agencies.

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