Blockstack to Help Microsoft Develop a Global ID Platform
The blockchain-based domain name service (DNS) Blockstack, formally known as Onename, has announced a partnership with the Microsoft Azure platform. Developers will work with Microsoft to provide identity solutions, authentication, and storage services without the need for third-party arbitration. Blockstack: Self-Sovereign ID on the Blockchain. The....
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Microsoft has announced that it is collaborating with Blockstack Labs, ConsenSys and developers across the globe on an open source, self-sovereign, blockchain-based identity system that allows people, products, apps and services to interoperate across blockchains, cloud providers and organizations. The United Nation's Sustainable Development Goals include giving everyone a legal identity by 2030. As a first step, the U.N. wants to develop scalable identity systems by 2020. The inaugural "ID2020 Summit ‒ Harnessing Digital Identity for the Global Community," held at the United....
Tech giant Microsoft has partnered with startups Blockstack Labs and ConsenSys to build an open-source identity platform aimed at integrating the bitcoin and Ethereum blockchains. The project seeks to build a platform for cross-blockchain identity across multiple distributed systems. An early version of the identity solution is expected to be available by the end of this summer. In a blog post published today, Microsoft global business strategist York Rhodes wrote that in the coming weeks Microsoft will launch an open source framework on Azure, where developers can build their own identity....
Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs. Onename Becomes Blockstack Labs. Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has....
ConsenSys, Microsoft, and Blockstack Labs collaborate to create an open-source, self-sovereign, blockchain-based identity system while ex-trader starts a non-profit ID2020 to address the problem at UN-level, through public-private partnership. According to the United Nations, there are around 1.5bn people across the world who have no way of proving who they are. Sam Cassatt, chief strategy officer of ConsenSys, says: “This project represents meaningful progress towards accessible, powerful identity for our world. If successful, we will enfranchise a significant portion of the global....
In yet another blockchain related investment, Blythe Masters' Digital Asset Holdings has announced the acquisition of Blockstack.io. Digital Asset has been on a blockchain-startups purchasing spree lately, with the Bits of Proof and Hyperledger acquired earlier in June this year. The New-York based company headed by CEO Blythe Masters has today, announced the purchase of another blockchain startup Blockstack. The deal was concluded for an undisclosed sum. Blockstack, based in San Francisco offers financial institutions the means to develop applications using APIs and SDKs on a private....