Microsoft said on Monday, February 13, that it plans to use blockchain technology to give you more control over your digital identity. Alex Simons, director of program management at Microsoft’s Identity Division, says the company invested in incubating a set of ideas relying on blockchain technology over the last 12 months. Monday’s update will be the first of many regarding how Microsoft plans to use that technology to create decentralized identities (DIDs).
The word “blockchain” is typically associated with cryptocurrency platforms. In its basic form, a blockchain contains a network of encrypted data blocks. This data doesn’t reside within a central location, nor is it managed by one specific entity.