Microsoft is working to create a blockchain-based, decentralised digital identity management platform that would allow users to own and secure access to their online persona via an encrypted database hub.
Over the past year, Redmond said it has been exploring how to use Blockchain and other distributed ledger technologies to create new types of digital identities designed to enhance personal privacy, security and control.
"This new world needs a new model for digital identity, one that enhances individual privacy and security across the physical and digital world," Ankur Patel, a principal product manager with Microsoft's Identity Division, wrote in a blog post.
"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."
Last month, the tech giant joined the ID2020 alliance, a global partnership working to create an open-source, blockchain-based digital identity system for people in the U.S. or nations who lack legal documentation because of their economic or social status.
Originally published by www.arnnet.com.au