One of the largest technology company in the world has recently announced that it will be building a decentralized identity (DID) network on top of the Bitcoin Blockchain.
While there are some more advance blockchains in the industry Microsoft chose the oldest and the most trusted blockchain within the space.
It was already revealed that this new ID network will be built in accordance with standards set by the Decentralized Identity Foundation, which according to Microsoft claims to overcome issues of scalability in the Bitcoin blockchain.
Microsoft believes that every person needs a decentralized, digital identity they own and control, backed by self-owned identifiers that enable secure, privacy-preserving interactions.
This self-owned identity it adds must seamlessly integrate into the lives of users and put them at the center of everything they do in the digital world.
Headlines for the world of Cryptocurrencies - May 15, 2019
Coinbase’s USDC Now Available On 85 Countries / European Blockchain Institute Announced In Germany / Charlie Lee Auctions Out Physical Litecoin Collectibles / Two Fomer Coinbase Compliance Manager Hired By Facebook / R3 Corda Attracts Three French Banks For Its Blockchain-Based Loan PlatformHeadlines for the world of Cryptocurrencies - May 14, 2019
Hyperledger Launches Blockchain-Based Identity Management Toolkit / Polymath Has Partnered With Cardano (ADA) Founder Charles Hoskinson / EBay Might Finally Be Accepting Cryptocurrencies / Crypto Investor Won $75 Million From Hacking Lawsuit / Bakkt Acquires Custody License In An Effort To Quell CFTC ConcernsHeadlines for the world of Cryptocurrencies - May 13, 2019
Starbucks Finally Delving Into Crypto / Binance Returning To Normal Operations On Tuesday / New Venmo lIke Application Launches In Venezuela / New Crypto ETF Application Submitted To U.S. SEC / New Partnership Enables Easier Sending and Receiving Bitcoins without Internet
