The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Microsoft Releases White Paper, Plans to Utilize Blockchain to Create Platform for Decentralized IDs

by Daily Hodl Staff
October 13, 2018
in Blockchain

Microsoft is rolling out blockchain solutions for decentralized identities (DID) that are designed to protect the digital identity of consumers. In a white paper released this week, the company says,

“Each of us needs a digital identity we own, one which securely and privately stores all elements of our digital identity. The self-owned identity must seamlessly integrate into our lives and give us complete control over how our identity data is accessed and used.”

The company says it’s working on key innovations that will be the technical basis for DID implementations supporting a variety of blockchains and ledgers.

To deliver on these promises, we need a technical foundation made up of seven key innovations—most notably, identifiers that are owned by the user, a user agent to manage keys associated with such identifiers, and encrypted, user-controlled datastores.

IDs that users create will be owned and controlled independently of any organization or government.

Microsoft has two DID products. The first, offered through Microsoft’s cloud computing service Azure, is an “identity hub,” which acts as an encrypted personal data store that can only be accessed with permission.

The other product will operate more like a wallet, where users can give or revoke permissions based on their preferences. 

“We believe a standards-based Decentralized Identity system can unlock a new set of experiences that empowers users and organizations to have greater control over their data—and deliver a higher degree of trust and security for apps, devices, and service providers.”

[the_ad id="42537"] [the_ad id="42536"]

In an effort to remain decentralized, Microsoft is working on an open source implementation of DIDs that can run on top of a blockchain. The goal is to maintain functionality while creating a high degree of scalability. The approach is similar to the Lightning Network which functions on top of a blockchain for faster transaction times and more scalability.

Beyond security and scalability, Microsoft plans to create a unified identity that’s transferable across different platforms. In a podcast interview with CoinDesk last month, Yorke Rhodes, a program manager on Microsoft’s blockchain engineering team, said he wants to avoid becoming like today’s social media.

“…where you can’t connect an identity from LinkedIn to Twitter, to Facebook, to WeChat, to Weibo. If I create my identity in a Microsoft system, if somebody comes along with a MetaMask or uPort or any other wallet, they should actually be able to understand what that identity is.”

uPort, for example, is an open identity system that allows users to register their own identity on Ethereum, send and request credentials, sign transactions, and securely manage keys and data.

Kames, editor of uPort, says,

“Decentralized identity is a lot of things to a lot of people. For some it’s simply a technical challenge. Others, it’s a chance for innovation. And for the bold, it’s an opportunity for a social (r)evolution.”

“In addition to closely following specifications, our team is highly motivated to stay interoperable and in constant communication with other decentralized identity providers. Now is the time for collaboration, communication and coordination across the entire ecosystem.”

The collaborative effort involves several initiatives and development teams, including Microsoft. The shared goal, to create unified digital identities for people to use across a variety of platforms, can define blockchain as the revolutionary and powerful technology proponents declare it to be.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Global Media Procurement: The 500-Year Yixing Zisha Teapots Paradigm
    July 20, 2026
  • Numerai Completes Third Strategic NMR Buyback, Bringing Total Repurchases to $3.2 Million
    July 17, 2026
  • ether.fi Partners with Nexus Mutual to Protect Against ETH Slashing at Institutional Scale
    July 17, 2026
  • Bybit Reports Lowest BTC Spot Slippage Among Major Crypto Exchanges in Q1 2026, Driven by Rapid Price Improvement Mechanism
    July 17, 2026
  • Bitunix Exchange Launches Visa Debit Card for Daily Purchases and Earning
    July 16, 2026
  • Bybit Wins Excellence in Innovation and Strategic Leadership Awards at Peru Blockchain Conference 2026
    July 16, 2026
  • CT3 Announces Dedicated Storage Contracts to Expand Decentralized Storage Infrastructure
    July 14, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • Dangerous New Android Malware Infecting Phones, Stealing Banking Credentials and Other Sensitive Data: Report
    July 18, 2026
  • New York Business Owner Accused of Executing $1,000,000 Bank Fraud Scheme Impacting Bank of America and Other Financial Institutions
    July 18, 2026
  • Pennsylvania Postal Worker Admits To Orchestrating $2,400,000 Bank Fraud Conspiracy
    July 18, 2026
  • Sioux Falls Man Allegedly Masterminds $20,000,000 Crypto Investment Fraud Scheme, Splurges Funds on Personal Expenses
    July 19, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl