Microsoft Partners Blockchain Firms to Develop Legal-ID System
Microsoft is partnering with ConsenSys, an Ethereum-coder collective, and Blockstack Labs, an application stack for decentralized, server-less apps secured by the blockchain, in trying to improve the state of the millions of people – mostly children – who face severe challenges from having no legal identity. The partners are engaged in a long-term project to employ blockchain-based solutions to the challenge of legal identity, Microsoft noted in a blog on its Microsoft Azure website. Microsoft Azure is an open cloud-computing platform. The identity issue was explored during the recent....
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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....
Microsoft's Azure blockchain and its blockchain-as-a-service endeavor is now adding three new partners to its blockchain-toolkit platform, with one of them even providing a Bitcoin data service. Soon after launching its blockchain-based service for customers of its cloud platform Azure last month, Microsoft has been ramping up its partners who will serve as collaborators and service providers. Last week, Microsoft announced a new partnership with Ripple, the interledger protocol to its blockchain toolkit. In a new blog post by Marley Gray, Director of Technology Strategy for Financial....
Technology giant Microsoft and financial institution Bank of America Merill Lynch have announced a collaboration with the aim to “fuel transformation of trade finance transacting”, with blockchain technology. In an announcement at the annual SWIFT-organized Sibos conference, Microsoft and Bank of America Merrill Lynch underlined their collaborative aim to usher in blockchain technology to transform the trade finance sector. The collaboration is only the latest in an increasing number of endeavors between the financial and technology industries to explore and develop blockchain solutions.....
Microsoft’s blockchain -as-a-service (Baas) endeavor now sees four new partners signing up for the service that will be made available for the software giant’s clients on Azure, its cloud platform. Microsoft has been on a heightened drive lately with signing up new partners for its BaaS offering. In its most recent update, the software giant has revealed new partners including prominent Bitcoin payment processor – BitPay. Marley Gray, director of technology strategy for US Financial Services revealed the latest additions to the ‘Azure Blockchain Ecosystem’ in a blog post. With the....
Tech giant Microsoft has established a partnership with Blockchain identity startup Tierion to secure sensitive pieces of information on a public Blockchain. Daniel Buchner from the Microsoft Azure Identity team will be leading a project called decentralized identity initiative which features extensive collaboration with Tierion and its developers. Cooperatively, the Microsoft and Tierion development teams are looking to build a Blockchain-based platform wherein anyone can sign data, claims and agreements in an immutable and transparent ecosystem. Commercialization. Ultimately, Microsoft....