Microsoft will create an identification system based on blockchain
Source:
The tech giant from Redmond is in step with the times, planning in the near future to use the blockchain to create a decentralized IDs that can be a reliable means of authentication. Your development Microsoft intend to apply in the management of personal data of people, making their personal information more secure.
Traditional forms of identification start to become obsolete increasingly demanding to find a replacement, so the developers are confident that a decentralized system outside the control of any organization, can become a worthy successor. Decentralized ID will give the user full control over their own identity and reputation, and the mechanisms created by Microsoft based on the blockchain, will protect them properly, as this technology is able to ensure confidentiality and to limit access to data without the permission of the owner.
«We have carefully studied decentralized storage systems, then came to the conclusion that the blockchain technology and its protocols are suitable for decentralization ID», — said in the announcement.
Suitable platforms for the implementation of their ideas, the developers believe blackany Bitcoin, Litecoin, and Ethereum. It is planned to implement the idea on the principle of a Lightning Network that allows you to handle large amounts of identity data without overloading the main blockchain network.
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