Introducing a SAML token-based wallet : A hackathon project aiming to integrate corporate IdP systems with Web3, enabling secure and efficient digital wallets for smoother adoption of blockchain technology in the business sector.
This project aims to create a digital wallet system that integrates seamlessly with the existing enterprise identity management infrastructure, utilizing SAML (Security Assertion Markup Language) tokens. We plan to synchronize corporate identity provider (IdP) systems with the generation of secure digital wallets, ensuring inherent safety as the wallets are based on authenticated identity credentials managed by the enterprise's IdP.
Our wallet system addresses two crucial concerns in the enterprise context: robust security and user-friendliness. It leverages the existing authentication mechanisms of IdPs for security and offers ease of use by integrating into the familiar corporate environment.
The wallet facilitates internal company transactions and inter-enterprise asset exchanges, promoting trust and transparency in business operations. It complies with enterprise privacy and security standards, while leveraging the advantages of Web3 technology.
In essence, this project is a significant stride towards the practical application of blockchain technology in enterprise settings. It simplifies the transition for businesses to blockchain, building on existing infrastructure to make the shift to Web3 logical and accessible for enterprises.
Our project, currently in the ideation phase, focuses on integrating Keycloak with Web3 technologies. Keycloak, a versatile open-source identity and access management solution compatible with SAML 2.0, is pivotal for generating SAML tokens essential for our digital wallet system.
Keycloak Setup: As our Identity Provider (IdP), Keycloak will manage user identities and issue SAML tokens. Its compatibility with existing user directories like LDAP or Active Directory is beneficial for enterprise environments.
SAML Token Generation: Keycloak will authenticate users and generate SAML tokens, carrying secure identity information.
Wallet Creation Mechanism: Using the SAML tokens, we will create a mechanism to verify token authenticity and use the contained information to generate digital wallets.
Blockchain Integration with Chainlink CCIP: We plan to integrate Chainlink's Cross-Chain Interoperability Protocol (CCIP) for enhanced interaction across various blockchain networks. This integration is crucial for enabling the wallets to perform cross-chain transactions.
Security and Privacy Enhancements: High-level security and privacy measures, including encryption and secure communication channels, will be implemented to safeguard wallet data.
User Interface Development with Family: To ensure user-friendliness, we will use Family's UI components to develop an intuitive interface, making it easier for employees to interact with their wallets.
We are exploring various blockchain platforms and considering additional security solutions, including Chainlink's CCIP and Family's UI toolkit, to align
with our project goals. These technologies will not only enhance the functionality of our digital wallets but also ensure a seamless and secure user experience.