The blockchain-based domain name service (DNS) Blockstack, formally known as Onename, has announced a partnership with the Microsoft Azure platform. Developers will work with Microsoft to provide identity solutions, authentication, and storage services without the need for third-party arbitration.
Also read: Banks Can’t Afford to Ignore Bitcoin’s ‘BitTorrent Effect’
Blockstack: Self-Sovereign ID on the Blockchain
The collaboration with Microsoft will also include the startup Consensys with the goal of implementing blockchain-based identity solutions. Digital identity will enhance applications and financial services but more importantly, give global citizens the right to a self-sovereign identity. Blockstack (Blockstack.org) is said to be a more secure DNS protocol with censorship resistance due to the services decentralized network of nodes that provide domain names and identity solutions.
All of these features are built on top of the Bitcoin blockchain and currently OpenBazaar uses the Blockstack protocol to provide “human-friendly” names for stores. In its collaboration announcement with Microsoft, the startups explains their mission:
The Blockstack technology secures information using blockchains and enables an open, interoperable system that transcends borders, organizations, and companies. Microsoft will make it easy to deploy new Blockstack servers and infrastructure on the Azure cloud and plans to integrate
Read more ... source: TheBitcoinNews
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