Abstract: The present invention relates to a system and corresponding method for creating an identity safe in which a user's identity and other data (such as payment data) is securely stored. An identity safe service provider receives from the user's device (e.g., smartphone) at least two forms of the user's identity (e.g., driver's license and passport). The identity safe and third party service providers verify the user's identity data. The identity safe service provider generates a public key and a private key associated with the user, the private key being sent to and retained by the user's secure smartphone keychain. The identity safe service provider encrypts and signs the verified user identity data with the private/public key pair, and adds that data to a blockchain ledger as a new entry. The new entry is cryptographically linked to a prior entry on the blockchain ledger to form the identity safe, which is immutable and incorruptible.