Microsoft Creates Identity System On Bitcoin Blockchain
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: Subscribe to The Coin Shark news in Facebook: