Get Blockchain Insights into Microsoft’s Decentralized Identifier Program from WhatBitcoinDid Interview
The latest edition of the What Bitcoin Did podcast is out. In this show, host Peter McCormack interviews Microsoft’s Daniel Buchner on the culture at Microsoft, how decentralized IDs work and the ethics of using the Bitcoin blockchain for non-financial transactions.
Buchner started by saying that Microsoft is confident that open public blockchains are the most viable solution for decentralizing user identity. He added that decentralized money is as useful as decentralized identity in solving problems, especially if they don’t adversely affect the performance of the blockchain.
Additionally, Buchner explained that market-type services need a centralized that gathers from volunteer users. He further stated that Microsoft's Project Ion would ensure that user data remains confidential.
According to Buchner, Microsoft is launching the decentralized identity program to enable people to have control over all aspects of their identity. He mentioned that the resultant technology would allow users to create decentralized identifiers (DIDs|), which are not controlled by a centralized server such as exiting email IDs.
The DIDs will serve as a unique identifier used by people to gain access to all online services on a trust-based ecosystem. Buchner revealed that Microsoft would collaborate with other companies to build the DID-powered ecosystem.
Buchner believes that their solution will not affect companies that profit from selling user data. However, such companies would have to embrace transparency and use a different approach when collecting user data. He also lamented over the terrible experience he had while trying to remove data from Google’s services.
Speaking on Microsoft’s plans to launch a new cryptographic scheme for recovering secrets, Buchner said that privacy has to be simple, as much as it is crucial. He added that they want to give people a choice by introducing their decentralized solution.
Adding on to Microsoft’s vision of facilitating total decentralization, Buchner said that the firm intended to reduce the complexity of the existing systems. He concluded by stating that he doesn’t care about the miner’s fee until the network is up and running.
Microsoft is also confident that the participation of many companies in their decentralized ecosystem will spur its development significantly.