Microsoft Will Use Blockchain To Build New Digital Identity

As cybersecurity threats become increasingly prevalent and sophisticated, the case for blockchain technology as a way to secure and improve identity management grows stronger. There are two major issues with blockchain and identity (besides other broader issues with blockchain technology). Without identity people have hardly any chance to participate in our society - i.e. no access to financial services, insurance, and limited ability to receive aid distribution. You can become FIDO2 the master over your own identity with a ‘digital wallet' which gives you control over which information you would like to share. Air is a digital identity platform built on Hyperledger fabric, offering "chaincode" smart contracts and an API for third parties. The filing explains that the system would generate a "data file" for each entity, which would be associated with a public key and a "geographic jurisdiction." These entities would be "subordinate," while a "superior" entity would impose a digital signature on their data files. If a trusted third party could administer the ledger (to some degree), then users might regain some power — while corporations still maintain much of their control. When users own their identities, they can selectively share it (or, loan it to) with the service that they plan to use. Civic is a secure identity platform using a blockchain and biometrics on mobile devices, in order to provide multi-factor authentication without a username, password, third party authenticator, or physical hardware token. Furthermore, A number of open-source digital identity platforms are currently in development. There is no hotline or company to call, therefore we are building recovery logic into smart contracts to ensure that the user is always in control of their identity. Evernym is developing a public permissioned distributed ledger called Sovrin , which is designed specifically for "self-sovereign identity" and privacy-preserving cryptography. Deloitte SmartID uses Ethereum smart contracts to store, endorse, share, and revoke attributes, in order to enable users to automate digital processes such as customer registration and commercial KYC checks. So next week, we will be looking at how to tie digital identities to actual people. Decentralized social networks, peer-to-peer messaging apps, and sharing economy apps can benefit from Veres One features such as user centricity and data portability. Access to data is always permissioned across applications and services. Civic is a blockchain-based identity management platform that allows users to register and validate their personal identity information and lock their identity in order to prevent identity theft and fraudulent activity on their credit reports. Creating an identity on blockchain can give individuals greater control over who has their personal information and how they access it. Swiss blockchain platform gives Rohingya identities Matthew Allen Apr 4, 2018 - 11:14 Swiss digital identity platform Procivis has teamed up with an NGO to provide identities for 3.5 million Rohingya displaced from Myanmar. The increased use of online platforms, including social media networks, for accessing financial services has led to an alarming growth in cybercrime. Among the variety of non-financial use cases , blockchain technology can be applied to identity applications in areas such as digital identities, passports, e-residency, birth certificates, wedding certificates, IDs, online account logins, etc. The collaboration focuses on developing decentralized identities (DIDs), an encrypted identity datastore called an Identity Hub, a server called Universal DID Resolver that resolves DIDs across blockchains, and verifiable credentials. By using some special math, we can combine the private key and its corresponding public key into a third value, called a digital signature.