Microsoft has revealed plans to integrate Blockchain-based Identification Systems (DIDs) into its Microsoft Authenticator application
The company announced its intention in the blog post on Monday, February 12.
As disclosed, Microsoft strives to provide a new model of digital identity that would not be controlled by any centralized institution and would guarantee fully private data storage, enabling the individual to fully control “all elements of digital identity.”
After considering a number of standards for decentralized identity systems, Microsoft informs that they have decided that Blockchain’s technology and protocols are “well-suited” to the task, stating:
Some public cryptocurrencies based on Blockchain (Bitcoin, Ethereum, Litecoin, to name a few selected ones) provide a solid basis for root DID, record DPK operations and obtain approvals.
Moving forward, Microsoft plans to add DID support to its Microsoft Authenticator application to manage identity data and cryptographic keys. The application, which was launched in August 2016, is used by millions of people.
In October 2017, Cointelegraph announced that many governments around the world are considering introducing Blockchain-based identity management systems to transfer data controls from government or corporations to individual citizens.