Microsoft Going Strong For Blockchain
One of the largest technology company in the world has recently announced that it will be building a decentralized identity (DID) network on top of the Bitcoin Blockchain.
While there are some more advance blockchains in the industry Microsoft chose the oldest and the most trusted blockchain within the space.
It was already revealed that this new ID network will be built in accordance with standards set by the Decentralized Identity Foundation, which according to Microsoft claims to overcome issues of scalability in the Bitcoin blockchain.
Microsoft believes that 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 it adds must seamlessly integrate into the lives of users and put them at the center of everything they do in the digital world.