What are the pitfalls of BlockChain?
The blockchain is usually attached to a rapidly changing world technologically in several
aspects. However, it is not always true that all the problems that are there in the world might be
believed. Several issues are associated with Blockchain. First, blockchain has a cost on the
environment. Taking into consideration how blockchain is used today, it heavily relies on
encryption to provide security and a consensus which is adequately established. It is therefore
essential to put into consideration the implications that blockchain have on the environment
(Jaikaran & Library of Congress, 2018). Secondly, the absence of regulation in the blockchain
results in a risky situation.
This is the basis of the problems with these block chains. As a result of the lack of
regulatory oversights, there are scams and the manipulation of the market everywhere. Like in
many other areas, the legislators have failed terribly to keep with the pace of the innovators. The
complexity of these block chains means that the end users find difficulty in appreciating the
benefits of the block chains (Jaikaran & Library of Congress, 2018). In as much as the
revolutionary applications are making efforts to understand the encryption and lingering that is
distributed, it takes quite a while, and some good reading before one can potentially make the
block chains useful.
The block chains can be slow and cumbersome. The block chains are ideally digital files,
and they have the potential to become very slow and at the same time be unwieldy as they
increase in size and as the number of the computers used to access the chains increase. The
establishment of the chains has vested interests in the blockchain failing (Jaikaran & Library of
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Congress, 2018). The banks make large volumes of money and profit while playing the roles of a
middleman because the cost is distributed equally among the customers and the users which pays
What are the pitfalls of IAM?
There are several pitfalls of IAM. First, IAM focuses much on technology before the
processes of the business. IAM initiative heavily focuses on the products and automation which
gives a little attention to the operations of the company (Scheidel & Jeff, 2010). This has
negative impacts on the markets. The second disadvantage is that the IAM results into the
automation of all the processes including the bad ones. One example in this line is the
automation of the creation of bad accounts.
IAM results in having an unsupportive infrastructure which leads to the abandoning of
the roadmap. It is possible to have the best solution today. However, it takes much efforts to
maintain the same. If the IAM is not customized correctly, it might not function appropriately as
is expected by the user. There is a general loss of direction upon the application of the IAM
system. It is common to find that the organizations are continually reacting to the requirements
of IAM instead of anticipating the same. Another pitfall for IAM is the lack of executive
sponsorship (Scheidel & Jeff, 2010). Such would be familiar with any IT initiative, but it is the
most mistakes that are commonly made by the IAM.
The treatment is given to IAM and making the people view it as a project and not as a
program causing the users to miss some of the most critical aspects of the program. The
incorporation of IAM comes too much and too soon. The initiative should be done in phases
which should not exceed six months. Each of the stages requires a critical initiative (Scheidel &
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Jeff, 2010). Improper management of the allotted dollars is another pitfall for this excellent
initiative. Not having the right team to work on the project and poor architecture are also some
contributions to the traps for IAM.
How can Block Chain and IAM complement each other?
There are several discussions which are made with regards to blockchain and how digital
identity is applicable in this field. Through making distributions to all the people who are over a
network, the authentication of blockchain eliminates somebody from causing alterations to the
accounting maliciously. The integrity of the ledger is guaranteed as a result of this (O'Hara,
Malisow, & O'Hara, 2017). How the specialists have clearly explained this work in this field.
Several people in the world have forged their identity and the documentation that
supports the same. These people might not be precisely the persons they claim to be. A point in
case is to find out if your president is a native of your country. Some organizations could make
an initiative of global regions and making issuance of birth certificates which are authenticated
digitally. The birth certificates which have been verified on the blockchain could be unforgeable
and public for the views of everyone who is interested. Many businesses and several investors
are quickly adopting the idea of blockchain identity.
Blockchain has been used in most cases for its features which are diverse. First is the
ability to archive data in a manner that it cannot be altered and it can support the pseudo-
anonymous transactions. It has the feature of the freedom from the central authority as a result of
its centralized structure. It is also applicable in many industries including healthcare, government
and customer service. These are the features that make blockchain suitable in the IAM (O'Hara,
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Malisow, & O'Hara, 2017). These factors do not in any way negate the opportunity which is
presented by blockchain across all the walks of life.
Jaikaran, C., & Library of Congress. (2018). Blockchain: Background and policy issues.
O'Hara, B. T., Malisow, B., & O'Hara. (2017). Ccsp (ISC)2 certified cloud security professional
official study guide.
Scheidel, & Jeff. (2010). Designing an IAM Framework with Oracle Identity and Access
Management Suite. McGraw-Hill.