What is a key requirement for managing identities in an IBM Blockchain Platform?

A key requirement for managing identities in the IBM Blockchain Platform is the use of appropriate identity and access mechanisms. This encompasses the necessity of securely verifying the identity of participants in a blockchain network, establishing trust, and ensuring that only authorized users can execute transactions and access data.

In blockchain systems, identity management is crucial because it ensures that the right individuals or entities have access to network functionalities based on their roles and permissions. Appropriate mechanisms can include digital certificates, cryptographic keys, and robust authentication protocols. These tools help maintain the integrity and security of the network by preventing unauthorized access and ensuring accountability.

Onboarding without verification would lead to significant security risks, as it would allow unverified participants into the network. Eliminating log generation is not practical, as transaction logs are essential for audit trails and accountability within distributed ledger technologies. Sharing all credentials across the network undermines the very principles of security and privacy that blockchain technology aims to uphold. Thus, utilizing appropriate identity and access mechanisms aligns with best practices in identity management and is essential for the effective operation of the IBM Blockchain Platform.