Crypto Currency

Microsoft Wants to Protect Your Identity With Bitcoin

a project that, using the technology that underpins bitcoin, would give you control of your own credentials, independent of any company. The question is whether you’ll want to take on the responsibility.Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.For blockchain enthusiasts, digital identity is one of the most tantalizing, but thus far unrealized,…

a project that, using the technology that underpins bitcoin, would give you control of your own credentials, independent of any company. The question is whether you’ll want to take on the responsibility.

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.

For blockchain enthusiasts, digital identity is one of the most tantalizing, but thus far unrealized, potential uses for the technology. The idea involves designing portable credentials that would work a bit like Facebook Connect, allowing seamless access to all sorts of applications. But instead of Facebook or Microsoft holding the keys, you would. Proponents argue that would be a boon for privacy, because no one could follow your activity around the internet. They also say it would help curb major leaks and hacks, since large pools of user data would be less likely to be stored in one place. Eventually, more complex and sensitive forms of data, from insurance cards to passports, could perhaps be stored in a decentralized digital form.

That’s a long way off, given the balkanized state of crypto—and the internet at large. For a digital ID to work everywhere online, it needs buy-in from all the places that currently covet your login. Ideally, it would work across different blockchains, so competing ID systems don’t arise. So Microsoft, which last year laid out a vision for a “self-sovereign

Read More

Be the first to write a comment.

Leave a Reply

Crypto Currency

Bitcoin ETFs Trigger Massive Miner Outflows, Over $1 Billion Moved to Exchanges

Bitcoin miners reportedly sell their asset reserves or leverage them to upgrade their capacity as inflows to cryptocurrency exchanges continue. A new report from Bitfinex Alpha Market shows Bitcoin ETF approvals by the United States Securities and Exchange Commission (SEC) impacted miners’ reserves. In Bitfinex Alpha…

Bitcoin miners reportedly sell their asset reserves or leverage them to upgrade their capacity as inflows to cryptocurrency exchanges continue. A new report from Bitfinex Alpha Market shows Bitcoin ETF approvals by the United States Securities and Exchange Commission (SEC) impacted miners’ reserves. In Bitfinex Alpha…
Read More

Continue Reading
Crypto Currency

Litecoin (LTC) and Solana (SOL) holders are going crazy over this new token

The cryptocurrency market is always evolving, with new tokens emerging that aim to solve the [……

The cryptocurrency market is always evolving, with new tokens emerging that aim to solve the [……
Read More

Continue Reading
Crypto Currency

ARK Invest CEO Cathie Wood Believes Bitcoin Will Overtake Gold, Here’s Why

ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel…

ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel…
Read More

Continue Reading
Crypto Currency

Ripple Initiates Large XRP Transactions Post Legal Setback

Ripple Labs, a leading cryptocurrency payment firm, has been seen moving millions of XRP tokens following the United States Securities and Exchange Commission’s (SEC) recent victory in a legal dispute. Ripple Moves Millions Of XRP As Price Holds Steady According to a recent report, Ripple Labs moved a whopping 120 million XRP tokens valued at

Ripple Labs, a leading cryptocurrency payment firm, has been seen moving millions of XRP tokens following the United States Securities and Exchange Commission’s (SEC) recent victory in a legal dispute. Ripple Moves Millions Of XRP As Price Holds Steady According to a recent report, Ripple Labs moved a whopping 120 million XRP tokens valued at about $60.8 million…
Read More

Continue Reading