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Check this out - Microsoft’s now offering a Bitcoin-based ID verification system!

Computerworld reported that Microsoft announced “A blockchain-based ID system relies on a digital wallet that serves as a repository for all kinds of personal and financial data – info that can only be shared after a specific request and only with the permission of the owner who holds the public key. (On a typical Bitcoin network, digital wallets store bitcoin currency.)”   The May 7, 2019 report entitled “Why Microsoft is building a Bitcoin-based ID verification system” included these comments from Alex Simons (vice president of program management for Microsoft's Identity Division):

We believe 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 must seamlessly integrate into their lives and put them at the center of everything they do in the digital world.

This is a very important announcement!

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About this Author

Peter Vogel, trial attorney, Foley Lardner
Partner

Peter Vogel is renowned as both a trial and transactional lawyer who deeply understands technology, science and intellectual property, and the opportunities and problems they pose for clients. Governments and administrative agencies, as well as major corporations and emerging businesses, rely on Peter to get right to the heart of an information technology or e-discovery dispute; he knows what to expect and how it will play out in the courtroom. This eliminates unproductive rabbit trails and reduces the cost of litigation for all parties. When negotiating agreements for...

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