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Microsoft: We’re Developing Blockchain ID System Starting With Our Authenticator App

Microsoft has published its plans to make use of blockchain distributed-ledger applied sciences to securely store and manage digital identities, beginning with an experiment the use of the Microsoft Authenticator app. From a file: Microsoft reckons the era holds promise as a awesome choice to other folks granting consent to dozens of apps and products and services and having their identification knowledge unfold throughout a couple of suppliers. It highlights that with the present style other folks shouldn’t have keep watch over over their identification knowledge and are left uncovered to knowledge breaches and identification robbery. Instead, other folks may just retailer, keep watch over and get entry to their identification in an encrypted virtual hub, Microsoft defined. To accomplish that objective, Microsoft has for the previous yr been incubating concepts for the use of blockchain and different dispensed ledger applied sciences to create new kinds of decentralized virtual identities.

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