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Microsoft Takes Another Step With Blockchain, Working on Decentralized Identity Systems

Tue, 02/13/2018 - 08:05
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Darryn Pollock
Microsoft is growing keener on Blockchain indicating plans to use decentralized identity systems.
Microsoft Takes Another Step With Blockchain, Working on Decentralized Identity Systems
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Having already released the Confidential Consortium (Coco) Framework, an Ethereum-based protocol which commercial companies and large-scale organizations will be able to utilize to process information on the Ethereum Blockchain, Microsoft is working on decentralized Identity Systems.

Its new step with Blockchains sees the software giant building towards the support of Blockchain-based decentralized IDs (DIDs) through the Microsoft Authenticator app.

Removing censorship

One of the biggest potentials seen in the Blockchain is the idea of a decentralized Identity. Currently, people’s identities are in the hands of a single controlled centralized identity, such as a government or large tech company.

With a decentralized identity, that control is removed and in the case of the Blockchain is totally autonomous and not subject to any misinterpretation or censorship.

There are other ways in which to enable decentralized identity, but Microsoft has decided to throw their weight behind Blockchains as this new and relatively untested technology holds a lot of promise.

Some of the biggest draws for Microsoft include privacy, self-ownership and permissionless access, which are all key values in a decentralized identity.

Belief in Blockchain

Microsoft confirmed their interest in going with Blockchain in an announcement:

“After examining decentralized storage systems, consensus protocols, Blockchains and a variety of emerging standards, we believe Blockchain technology and protocols are well suited for enabling Decentralized IDs,” today’s announcement post from Microsoft said.

The tech giant went further to single out a few Blockchains it was looking at in order to effect this system. They include Bitcoin, Ethereum and Litecoin as potential foundations for these ‘DIDs.’

There are already a number of Blockchain projects directed at Identity out there already, but Microsoft’s entry into the market could cause a bigger splash as the tech giant utilizes some well-known chains with its own major backing to get their project ahead.

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About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.