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

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  • Darryn Pollock
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    Microsoft is growing keener on Blockchain indicating plans to use decentralized identity systems.

Microsoft Takes Another Step With Blockchain, Working on Decentralized Identity Systems
Cover image via u.today

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.

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John McAfee to List 'Epstein Didn’t Kill Himself' Token on Friday

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    The Jeffrey Epstein murder conspiracy continues to grow in proportion with John McAfee releasing his own token

John McAfee to List 'Epstein Didn’t Kill Himself' Token on Friday
Cover image via u.today

Eccentric antivirus mogul, international fugitive and crypto baron John McAfee is moving forward with the launch of his 'Epstein Didn’t Kill Himself' (WHACKD) token that can easily out-crazy his earlier projects. 

In his freshly posted tweet, which features a picture of former First Lady Hillary Clinton frantically staring at a presumably hanging body, McAfee revealed that WHACKD would be listed on his own cryptocurrency exchange on Friday.     

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Updated: China Zombie Creators Thank John McAfee for Taking Part in Their Social Experiment

Updated: China Zombie Creators Thank John McAfee for Taking Part in Their Social Experiment

The WHACKD token is one of a kind. Apart from being distributed for free, ten percent of every WHACKD transaction will be sent to the burn address. The recipient of every 1000th transaction loses the whole thing. 

The sudden suicide of Jeffrey Epstein raised many eyebrows, and McAfee is among those who believe in a popular conspiracy theory that Epstein was, in fact, murdered in his jail cell on Aug. 10. 

In the meantime, a California-based brewery recently started printing “EPSTEIN DIDN’T KILL HIMSELF” on its beer cans, The New York Post reports.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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