MarketIdentity-based cryptography
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Identity-based cryptography

Identity-based cryptography is a type of public-key cryptography in which a publicly known string representing an individual or organization is used as a public key. The public string could include an email address, domain name, or a physical IP address.

Usage
Identity-based systems allow any party to generate a public key from a known identity value, such as an ASCII string. A trusted third party, called the private key generator (PKG), generates the corresponding private keys. To operate, the PKG first publishes a master public key, and retains the corresponding master private key (referred to as master key). Given the master public key, any party can compute a public key corresponding to the identity ID by combining the master public key with the identity value. To obtain a corresponding private key, the party authorized to use the identity ID contacts the PKG, which uses the master private key to generate the private key for the identity ID. ==Limitation==
Limitation
Identity-based systems have a characteristic problem in operation. Suppose Alice and Bob are users of such a system. Since the information needed to find Alice's public key is completely determined by Alice's ID and the master public key, it is not possible to revoke Alice's credentials and issue new credentials without either (a) changing Alice's ID (usually a phone number or an email address which will appear in a corporate directory); or (b) changing the master public key and re-issuing private keys to all users, including Bob. This limitation may be overcome by including a time component (e.g. the current month) in the identity. ==See also==
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