The embodiment of the invention provides a digital identity authentication method and device, equipment and a storage medium, and the method comprises the steps: obtaining a system certificate and a terminal user certificate issued by a certificate authority, the system certificate being a certificate of the certificate authority, the type of the system certificate being a display certificate, and the type of the terminal user certificate being the display certificate; the type of the terminal user certificate comprises an implicit certificate or a certificateless certificate. And obtaining an intermediate public key corresponding to the terminal user certificate based on a terminal user private key. And according to the intermediate public key and a system public key, a target public key is generated, the system public key is a public key corresponding to the system certificate, and the target public key is used for authenticating the digital identity of a terminal user. In the scheme, the advantages of the display certificate and other certificates are fused, the establishment of the existing public key infrastructure trust system can be effectively met, the storage space of the terminal equipment can be effectively reduced, the bandwidth overhead is reduced, and the communication efficiency is effectively improved.