Microsoft seems to be ready to leverage blockchain technology. It released a white paper this week introducing ‘Decentralized Identity(DID)’ solution for individuals and organisations.
The white paper presents its aspiration:
“Every person has a right to an identity that they own and control, one that securely stores elements of their digital identity and preserves privacy.”
Microsoft is keen on two projects. One project is “identity hub”, or an encrypted data storage that utilises technology both from Microsoft’s Azure cloud service and user’s device. The data stored here can be accessed by third-parties with user’s permission based criteria.
The other project is to bring “wallet-like app”, that works in line with identity hub’s technology. Users can store their permissions in the wallet and even can revoke authorisation.
Blockchain technology is behind these two projects. Both innovations are working to expand on DIDs. DIDs like traditional blockhains have ability to remove a central authority from power. Identities are registered on blockchain. Consequently, the data cannot be accessed without user’s consent.
How DID Works
To deliver seamless services offering ‘self-ownership’ and ‘censorship resistance’, DID works on seven key innovations- most notably, identifiers that are owned by the user, a user agent to manage keys associated with such identifiers, and encrypted, user-controlled data-stores.
Further, the paper says that Microsoft is working on developing an open-source implementation of DIDs that would work as a second layer. The system is meant to allow a high value of low-value payments in cryptocurrency. Layer two is under designing for world-scale use.
In the paper, Microsoft also mentions its goals of establishing a ” “unified, inter-operable ecosystem that developers and businesses can rely on to build a new wave of products, applications, and services.”
However, Microsoft did not give any time-frame for release of these projects