Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Microsoft Will Begin a “Decentralized” Digital Identity System Based on Blockchain

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

On October 7, tech giant Microsoft reported that the company would establish the next set of phases for an out-and-out blockchain digital identity system. It is reported that earlier in 2018, the firm declared that it will set to begin a decentralized digital identity authentication system based on blockchain technology.

It’s been three years since Microsoft made the announcement; afterward, the company announced a project named “Microsoft Azure Active Directory” in April 2021. Public analysis version of “Verifiable Credentials,” The new phase of the blockchain digital identity system disclosed by the firm has come up with a set of two standards contrasting to previously announced measures.

On the other hand, Microsoft hasn’t had revealed any details of years prior. Still, on this occasion, they included two sets that indicate the statistics of the standards. One of them is to demonstrate a partnership with the decentralized community and concur on a set of standards bolstered by all pertinent associations.

On the flip side, the other is to advance and release the first globally available version of digital identity services drew on the standards concurred with the community people. In addition, Microsoft has also marked off the prime five principles of these two standards –

• Fairness and ease of use
• Inclusiveness
• Safety and Trustworthiness
• Privacy protection and autonomous control 
• supervisable and responsible for the environment. Simultaneously, These five standard principles correlated to the apposite functions that the identity system can provide to users. 

IT ground has learned that Microsoft has assured that the standard system of the form will never allow or encourage any illegal or breach activities, and it will heed all laws and regulations. 

Furthermore, the Microsoft identity authenticator is primarily run on Microsoft’s website and OS. It is worth mentioning that the Microsoft identity authentication system that supports blockchain technology will store data processing on the Blockchain in the future. Even Microsoft cannot view the encrypted data of blockchain once it is processed.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic