Accenture, Microsoft Ink Deal to Create IDs Via #blockchain
  • Accenture PLC ACN is teaming up with Microsoft Corporation MSFT to create digital ID databases for more than 1.1 billion people globally, by using the blockchain technology.
  • ID2020 is a public-private partnership devoted to resolve the challenges of providing digital identity for people all over the world.
  • We note that Microsoft’s very own cloud-based platform Azure will be utilized to deploy this large scale blockchain and biometric technology.
  • Each block has its own timestamp and a link to an earlier block in the chain, which enables all the parties to have easy access to information via a secure network.
  • David Treat, one of the managing directors in Accenture’s global blockchain business, stated, “People without a documented identity suffer by being excluded from modern society.”

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