Blockchain-Based Identity Verification Platform

Idea: Build a decentralized identity verification platform using blockchain technology to securely verify and authenticate individuals' identities online. Users can store their personal information in encrypted digital identities, which can be selectively shared with trusted parties for verification purposes.
Features: Implement smart contracts and cryptographic techniques to ensure data privacy and integrity. Offer a user-friendly interface for individuals to manage their digital identities and control data sharing permissions.
Target Market: Financial institutions, government agencies, healthcare providers, online marketplaces, and any organization requiring secure identity verification services.
Monetization: Charge transaction fees for identity verification requests processed on the platform. Provide premium subscription tiers with additional features such as identity fraud detection and compliance with regulatory standards.