Microsoft wants to build a blockchain-based identity solution

Leveraging on possible opportunities on identity systems, Microsoft is looking into building a blockchain-based identity system and it has recently sealed a partnership to further this goal. The tech giant has made an open source collaboration with companies Blockstack Labs and ConsenSys for their current Bitcoin and Ethereum-based identity solutions, together with various developers globally. Blockchain, while more familiarly used in the cryptocurrency Bitcoin, is a technology that has other uses and can store transaction history of various kinds of records. Through the partnership, Microsoft said it is looking to create an open source, self-sovereign, blockchain-based identity system that allows… [Continue Reading]