What is an identity in a ledger?

An identity is the customer or organization record you attach to balances. It is not the wallet. It is who the wallet belongs to. One identity can have many balances. A balance without an identity still works. You just cannot ask “who.”

How does an identity work?

You create an individual or an organization, then link balances to it. Transactions still move between balances. The identity lets you list every wallet a person holds, freeze a customer, or show a name on a statement. KYC data can live in metadata on that record.

Individual vs organization

Individual is a person and needs a first and last name. Organization is an entity and needs an organization name. Both are identities. Both can own balances. Folding them into one “customer” type hides which fields you must collect.

Identity vs account

Account often means login. Identity here means the party in the ledger. A login can map to an identity. It is not a substitute for one. The omnibus bank account is a different object again.

In Blnk, identities are first-class records you link to balances. Use them when you need to see who sits on a transaction, not only which balance ids moved. See identities.