On Wednesday, May 16, 2018, Microsoft took the stage at Consensus 2018 to showcase its flagship presentation, “Decentralized identity for a decentralized world.” The project aims to enable users to own and control their identity in a decentralized manner on a blockchain.
Decentralized Tool to Enhance User Privacy
Microsoft’s first notable announcement to create a decentralized digital identity came through a blog post released by the company on February 12, 2018. The blog post, titled “Decentralized Digital Identities and Blockchain – The Future as We See It,” announced that Microsoft had joined the ID2020 Initiative to bring the project to life.
Applications and services on the platform are required to seek user permission before accessing any sensitive data explicitly.
Instead of providing identity details to several applications, Microsoft reasoned that it would be much easier for the user to store all his data in a secure, decentralized hub. Users can then access and offer rights to this data as and when required.
Decentralized Identity Hub
Ankur Patel, Principal Program Manager at Microsoft Identity Division, said, “Each of us needs a digital identity we own, one which securely and privately stores all elements of our digital identity. This self-owned …
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