Redmond-based tech massive Microsoft has all the time supported blockchain generation. Now it jumps into the pool to turn the arena the potential for the nascent generation by way of growing a decentralized platform to retailer and procedure virtual id knowledge.
This blockchain-based id platform will give folks complete regulate in their id knowledge and also will take away the potential for any censorship. Microsoft is making plans to to start with reinforce the decentralized IDs throughout the Microsoft Authenticator app.
A Microsoft consultant writes: “We believe it is essential for individuals to own and control all elements of their digital identity. Rather than grant broad consent to countless apps and services, and have their identity data spread across numerous providers, individuals need a secure, encrypted digital hub where they can store their identity data and easily control access to it.”
After comparing other blockchain architectures, Microsoft settled on a public blockchain for benefits similar to privateness, self-ownership, and permissionless get entry to. However, to keep away from problems with this sort of community, the corporate is growing an off-chain resolution, just like the Lightning Network.
Lag at the back of centralized techniques
“Today, users grant broad consent to countless apps and services for collection and retention of their data for use beyond their control. With data breaches and identity theft becoming more sophisticated and frequent, users need a way to take ownership of their identity,” Microsoft writes, including that “After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling Decentralized IDs.”
Microsoft stated its shortcomings with the present blockchain community — Bitcoin, Ethereum, and Litecoin — which lags at the back of the ruled centralized techniques in the case of knowledge throughput, comfort, and community scalability.
“To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world-class DID system,” Microsoft provides.
Though the corporate didn’t proportion any running prototype of the machine, it guarantees an up-coming collection of posts, to proportion main points and proof-of-concept.