“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 identification ”
Microsoft in a recent release stated that it will be experimenting with decentralized identification. Microsoft will be joining the likes of Blockstack ID and uPort who already offer decentralized identity systems independent of large institutions or the government. In the post which was put out on Monday, Microsoft said they will be experimenting a blockchain-based decentralized IDs (DIDs) on their already existing Microsoft Authenticator app.
This project will be based on the underlying technology on which cryptocurrencies like Bitcoin, Litecoin and Ethereum are built on and given the privacy feature this project comes along with, Microsoft aims to earn trust from its users and extend reach not only to early blockchain adopters but to everyone.
“While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system,” Microsoft post.
This project will add decentralized identification to their already existing authentication app and to make this a reality, Microsoft is open to partner with several other institutions and is also hoping to further improve the product based on feedback from their clients.
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