A group of 10 Spanish companies are working together to develop a self-managed digital identity model for customers using blockchain technology.

The Dalion project includes Banco Santander, Bankia, BME, CaixaBank, Inetum, Liberbank, Línea Directa Aseguradora, Mapfre, Naturgy and Repsol, along with the Alastria blockchain consortium.

“The project is a technological challenge that will bring Spain to the fore in terms of blockchain and identity management - the solution will help fight attempted fraud and identity theft with greater efficiency,” said the partners.

It will give users control over their personal data, “making digital identity self-managed by each person in a secure and reliable manner a reality”, they said. Self-managed identity will enable people to have their personal data in a single digital identity, backed by the companies involved and stored on their own mobile device.

Users may decide who to share the data with at any time, in order to take up any company service with no need to fill in forms. For example, they may use their data validated by other organisations to hire a car, take out insurance, arrange a loan or take up an electricity service in just a few clicks.

The creation of a self-managed digital identity in this case furnishes the certainty that information is reliable and has not been altered, thanks to the use of a distributed ledger. Currently, the trial version functions on one of the Alastria consortium's blockchain infrastructures: Ethereum-Quorum.

After tests, the companies involved plan to roll out the solution commercially in May 2021.

Share Story: