Decentralized Identity (DID) and Zero-Knowledge Proofs for Secure Digital Banking Ecosystems
Keywords:
Decentralized Identity, Zero-Knowledge Proofs, Digital BankingAbstract
Digital financial ecosystems need private, secure, and interoperable identity management. They examine DID and ZKP authentication and financial infrastructure compliance. Decentralised blockchain ID solutions reduce data breaches, identity theft, and unlawful espionage. Evaluation of ZKP's onboarding, credit, and payment authorization non-PII verification. In this study, cryptographic primitives, DLT interoperability, and W3C DID/Verifiable Credentials secure financial network digital trust exchange. Auto-compliant smart contracts and decentralized identification. We improve digital banking infrastructures for worldwide ID and data security.
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