Editorial

Microsoft to use Bitcoin as basis for its new DID network

“We believe every person needs a decentralised, Digital Identity they own and control, backed by self-owned identifiers that enable secure, privacy-preserving interactions.”

Posted 14 May 2019 by

Microsoft says it’s bringing Digital Identity and Blockchain together in a new decentralized identity (DID) network.

‘Blockchain Technology’ on Flickr by surya s (c) All Rights Reserved

Based on bitcoin, according to a developer blog announcing the initiative released yesterday, the new infrastructure – the Microsoft Identity Overlay Network (ION) – is said to also be based on the emerging standards coming out of the Decentralised Identity Foundation.

“We believe every person needs a decentralised, Digital Identity they own and control, backed by self-owned identifiers that enable secure, privacy-preserving interactions,” says the Redmond Giant.

“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 is saying that its implementation will give users the performance boost that regular Blockchain just can’t offer for a DID, as they tend to operate at just tens of transactions per second, so “nowhere near the volume a world full of DIDs would demand”.

But it claims it can instead offer a way to deliver tens of thousands of operations can be achieved per second, with a Senior Program Manager in the company’s growing Microsoft Identity Division, Daniel Buchner, adding in the post:

“Today, the most common digital identifiers we use are email addresses and usernames, provided to us by apps, services, and organisations. This puts Identity providers in a place of control, between us and every digital interaction in our lives.

“Our goal is to create a decentralised identity ecosystem where millions of organisations, billions of people, and countless devices can securely interact over an interoperable system built on standards and Open Source components.”