The Coin Shark: Microsoft Creates Identity System On Bitcoin Blockchain

  • Wednesday, 15 May 2019 13:30
The Coin Shark: Microsoft Creates Identity System On Bitcoin Blockchain © The Coin Shark
Some tech companies may give up on Bitcoin blockchain, but definitely not Microsoft. According to the latest announcements, the tech giant plans to build its decentralized identity system (DID) on the Bitcoin blockchain. Microsoft is sure that this blockchain is able to lead lots of operations per second, that is why the company chose it. The whole network will be build under the standards of the Decentralized Identity Foundation. The tech giant explained its choice with much details in a blog spot: “We believe every person needs a decentralized, digital identity they own and control, backed by self-owned identifiers that enable secure, privacy-preserving interactions. This self-owned identity must seamlessly integrate into their lives and put them at the center of everything they do in the digital world.” Microsoft also pointed out that this new decentralized ID system based on Bitcoin blockchain would allow users to log in only once, and then use the same login information on others accounts, yet this process is much safer. We remind you: Microsoft Blockchain Service Will Help Starbucks To Track Coffee From “Farm To Cup” Subscribe to The Coin Shark news in Facebook:

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.