Microsoft has issued a white paper declaring it intends to develop two products designed to use blockchain technology to give consumers greater control of their personal data, part of its long-stated plan to bring that data to its Azure cloud-computing service.
The first product is an encrypted personal data store that is a combination of a user’s personal devices and cloud storage that Microsoft would offer through Azure. Consumers could store identity information in this hub and their permission would be required for third parties to access it.
The other product is a “wallet-like app” people could use to manage these permissions to their data, including the ability to revoke them when desired.
Both of these products would be based on decentralized identifiers, which are “globally unique identifiers” on the blockchain, according to Microsoft.