What is a key reason to enforce identity and access controls in a blockchain?

Enforcing identity and access controls in a blockchain primarily serves to protect against unauthorized access and data breaches. In a decentralized system, where multiple parties can interact without a central authority, it becomes crucial to establish trust and security. Identity controls ensure that only verified users have the ability to participate in the network, access sensitive data, or perform transactions. This mitigates the risk of malicious actors attempting to compromise the integrity of the blockchain or gain access to confidential information.

By implementing robust access controls, organizations can manage permissions effectively, ensuring that each participant has the appropriate level of access based on their role and the needs of the organization. This is vital for maintaining confidentiality, integrity, and availability of the data stored on the blockchain.

Other options do not address the pressing need for security in the context of blockchain technology. Simplifying onboarding processes might be a benefit of orchestrating identity management, but it is not the primary focus of enforcing access controls. Minimizing the number of users is not a goal of access controls; instead, it is about allowing the right users to access the right information while protecting the network's security. Lastly, ensuring complete anonymity of transactions goes against the need for identity verification and accountability, which are critical in a trust-based system like blockchain.