Microsoft has announced a new partnership as part of an internal decentralized identity initiative.
In a new release today, Microsoft revealed it is working with blockchain startup Tierion to determine how decentralized identities linked to a blockchain could validate data, claims or agreements. In this case, Microsoft will leverage technology provided by Tierion, which would link data to a blockchain to generate proof of the data's integrity.
As an example, the companies said that this technology might one day help online students receive validation for completed work, with an educational organization augmenting an identity with information that could be recorded on a public blockchain.
"Anyone with this proof can independently verify the data without relying on a trusted authority," the release reads.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Tierion.
Identity image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.