Three years ago, Microsoft teamed with Mastercard to create a new Azure cloud-based digital identity. Together, the two companies through Azure and Mastercard Track wanted to revolutionize identification beyond hard IDs like driver's license and passport. Alongside other similar projects, Microsoft has learned a lot over the following three years.
Now Microsoft is ready to take the next step in its digital identity revolution. According to the company, it is working on two projects towards its goal. The first involves entering partnerships with other leaders in the decentralized identity space. Secondly, Microsoft will develop the first decentralized digital identity platform that is widely available.
Alongside the Mastercard collaboration, both these goals build on the company's Microsoft Azure Active Directory Verifiable Credentials, which was launched at Build 2021:
“Verifiable credentials let organizations confirm information—like their education or professional certifications someone provides—without collecting and storing their personal data, thereby improving security and privacy.”
Standards
Alongside the two new goals towards a decentralized digital identity future, Microsoft also detailed five guiding principles to help bring those plans to fruition. The company believes any decentralized identity system should offer:
- Inclusive, fair, and easy to use
- Secure, reliable, and trustworthy
- Supervisible
- Privacy protection and in my control
- Environmentally responsibile
Microsoft says its platform will combat illegal activity and will follow laws in nations where it is adopted. The company plans to use standards outside its control to build the platform on. This will ensure a level of transparency and accessibility to the technology, while also promoting privacy. Finally, the company says it will have more details in the coming months.
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Last Updated on February 14, 2022 8:19 pm CET by Markus Kasanmascheff
