Decentralized identity management (DIM) is a blockchain-based approach to managing and verifying identities, offering:

1. _Self-sovereign identity_: Individuals control their own identity and personal data.

2. _Decentralized storage_: Identity data is stored securely on a blockchain, resistant to tampering and censorship.

3. _Immutable records_: Identity records are permanent and tamper-proof, ensuring data integrity.

4. _Privacy and security_: Identity data is encrypted and protected, with access granted only to authorized parties.

5. _Consent-based sharing_: Individuals control who can access their identity data and for what purposes.

6. _Verifiable credentials_: Identity attributes and credentials are verifiable and trusted, without relying on central authorities.

7. _Identity reconciliation_: DIM systems can reconcile identity data across multiple sources and platforms.

8. _Compliance and regulation_: DIM solutions can help organizations meet data privacy regulations and compliance requirements.

Decentralized identity management empowers individuals to manage their digital identities securely and privately, while providing organizations with a trusted and efficient way to verify identities and comply with regulations.