01:08 PM

Microsoft, Accenture Team up on Blockchain for Digital ID Network

Microsoft and Accenture use blockchain tech to build a digital ID network, which will help give legal identification to 1.1 billion people without official documents.

Microsoft and Accenture are leveraging blockchain technology to build a digital ID network, Reuters reports. The project is part of a broader United Nations-supported initiative to help people who don't have official documents and can't access education, healthcare, and other services.

Blockchain was first used as a public ledger to hold Bitcoin transactions and is now used in other fields to securely track information. One of its key benefits is the ability to let different organizational systems communicate with one another.

This platform will use blockchain to connect with record-keeping systems at commercial and public organizations. People will be able to access their personal information from wherever they are in the world. For example, refugees who flee their countries without personal documents will be able to prove them using the system.

Microsoft and Accenture demonstrated a prototype of their project earlier this week at the second summit of ID2020 in New York City. They worked on the platform with Avanade and are inviting other companies to collaborate. 

Read more details here.

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