Microsoft To Implement Blockchain-Based ID System

Date : 02/13/2018 @ 12:31PM
Source :InvestorsHub NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 6444.99000000  1.29000000 (0.02%) @ 9:54PM

Microsoft To Implement Blockchain-Based ID System

February 13, 2018 -- ADVFN Crypto NewsWire -- Microsoft revealed its plans to integrate Blockchain-based decentralized IDs (DIDs) into its  Microsoft Authenticator app, the company announced in a blog post Monday, Feb. 12.

As reported in the post, Microsoft is looking to provide new a model of digital identity that would not be controlled by any centralized institution and would guarantee fully private data storage, enabling the individual to have full control of “all elements of [their] digital identity.”

After considering a number of standards for decentralized identity systems, Microsoft reports they decided that Blockchain technology and protocols were “well suited” for the task, stating:

“Some public blockchains (Bitcoin [BTC], Ethereum, Litecoin, to name a select few) provide a solid foundation for rooting DIDs, recording DPKI operations, and anchoring attestations.”

Moving forward, Microsoft plans to add DID support to its Microsoft Authenticator app to manage identity data and cryptographic keys. The app, which was launched in August 2016, is used by millions of people, according to the company.

In October, 2017, Cointelegraph reported that a number of governments globally are considering adopting Blockchain-based identity management systems to shift the control of data from the government or corporations to individual citizens.

 

Author: Helen Partz

Bitcoin (COIN:BTCUSD)
Historical Stock Chart

1 Year : From Oct 2017 to Oct 2018

Click Here for more Bitcoin Charts.

Bitcoin (COIN:BTCUSD)
Intraday Stock Chart

Today : Wednesday 17 October 2018

Click Here for more Bitcoin Charts.

Latest BTCUSD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.