1. A method for identity key management in networked application execution, comprising: transmitting an identifier request from a client system to a server system, wherein an identity key value in the identifier request is blank; upon detecting the blank identity key value at the server system, operating the server system to generate a new identity key value and an identifier for the new identity key value; transmitting the new identity key value and the identifier for the new identity key value from the server system to the client system; storing the new identity key value in a local store of the client system, wherein the local store of the client system is secured by a passcode, and wherein the new identity key value remains stored in the local store of the client system through power cycling of the client system; and using the identifier to track execution of a networked application.