Watermark Identity Based Cryptographic Signature And It's Benefits In The Blockchain Network

Source

INTRODUCTION

A watermark identity based signature can be said to represent a type of cryptographic security and signature scheme or protocol that functions by leveraging and taking advantage of certain means of identification that are unique to a user or users to generate or create a cryptographic signature for them to be used in the blockchain network.

The unique means of identification can be the users email address, national identification number or ip address, by implementing or applying this method of generating signatures, the blockchain network has been able to provide solutions to certain vulnerabilities that may still be found in the blockchain network while making use of other cryptographic signatures.

Additionally, the watermark identity based signature scheme amongst other things, ensures the enhancement of security, authenticity and efficiency in the blockchain network, in this post, let us consider some of the other benefits that the watermark identity based signature has to offer to the blockchain network.

• ENHANCES SECURITY

The watermark identity based cryptographic signature is a top up or improvement to the public key signature schemes or protocols, the watermark identity based signature scheme addresses the risk involved in key management that the public key signature schemes had and as a result made the network more secure.

The Watermark identity based signature scheme significantly facilitate an increase in the security of the blockchain network, now owing to the importance of security in blockchain networks, we can conclude that the watermark identity based signature increasing security is significantly beneficial to the blockchain network in this regard.

Basically, by combining or adding a marker of a users identity into the signature creation or key generation process, the risk of key thefts will reduce seeing as the keys are meant to have a unique identifier of its original user.

• IMPROVES EFFICIENCY

Source

The watermark identity based signature scheme helps to facilitate a significant increase in the efficiency of the blockchain network, now owing to the importance of efficiency in blockchain networks,

Practically because of how it increases and maintain transaction processing speed as well as confirmation times, we can conclude that the watermark identity based signature is significantly beneficial to the blockchain network.

The watermark identity based signatures scheme offers certain features, that ensure and maintain a smooth operation of the block chain network, with the introduction of the watermark identity based signature scheme, the signature verification process is simplified and carried out more efficiently, and as a result ensuring improved efficiency and performance of the block chain network at all times.

• IMPROVES SCALABILITY

For the blockchain network to grow and advance and still maintain its efficiency and overall performance and not have issues like network failure and congestion that is why scalability is very important to the sustainability of the blockchain network.

Additionally, the more users adopt the blockchain network the more keys there is going to be to manage but however, the watermark identity based signatures helps offer and facilitate a scalable solution for efficiently creating and managing the cryptographic keys.

The watermark identity based signature the way it operates by making use of a part of a users identity makes the blockchain network more scalable and more efficient because in this way, the process of managing certificates is no longer centralized but decentalized.

• SIMPLIFIES KEY MANAGEMENT

The watermark identity based signature scheme helps to simplify the processes involved in the management of keys in the blockchain network, now owing to the importance that the simplification of key management might have on the network which can reducing stress

and maximizing the use of computational resources, therefore, we can conclude that the watermark identity based signature is significantly beneficial to the blockchain network in this way.

Especially when it comes to a blockchain network which is processing transactions and managing users cryptographic keys on a large or larger scale, as a result they can do so with a certain amount of simplicity and unnecessary stress which was eminent in the other cryptographic signatures.

Source

CONCLUSION

To conclude, I would simply like to say a very big thank to everyone who made the effort to read and go through this post which I have made, and I hope that you have been able to learn something new.

This post of mine basically explains and discussess the significant benefits and importance of implementing and applying the watermark identity based signature scheme to the blockchain network.

Some of these significant importance of the watermark identity based signature scheme includes; enhances security, improves efficiency, improves scalability and simplifies key management process.