Mar 10 2022 09:45 AM
Why decentralization is the future of digital identities - Microsoft Security Blog
Our identity is increasingly becoming digitized—
Digital identity is now on the verge of a major transformation into one that is more secure, privacy-respecting, and portable. Identity was not fundamentally built into the internet, which has resulted in companies building singular relationships with each of us. The development of these separate accounts, each stored in central databases owned by different companies, has led to an increased risk of security and privacy breaches. Simply digitizing a business process or physical ID doesn’t reduce these risks. We need an identity system that brings our identity together, owned by the individual, and makes digital identities portable in a way that is trusted and secure.