Microsoft and Hyperledger joined ID2020 Alliance

A blockchain identity initiative gets huge donation from Microsoft
23 January 2018   971

The ID2020 Alliance gets reinforced with titans of the IT industry and world politics: Microsoft, Hyperledger, UN International Computing Center and agency Mercy Corps join the initiative. Microsoft has already donated $1 mln. Among the most distinguished donors are the Rockfeller Foundation and Accenture.

The project aims to provide digital identity, equal to a passport, and would incorporate forms of legal identification issued by the government. The process is promised to be smooth for both people and institutions. The focus is user’s direct ownership and control over the personal data. The addressed issue is the fact that approximately 1.1 bln people can’t prove their identity and as a consequence, can’t access benefits and services.

Additionally, in June 2017 Microsoft and Accenture unveiled a prototype of the ID2020 project. It was deployed on a private ethereum blockchain located in Microsoft’s Azure cloud computing platform. The app was built over a six-week period with all the intended functions - it proves that in the future the project won’t take much long to be deployed as a fully operational solution. The prototype itself serves as a cryptographically protected store of the verified data. Existing identity providers are responsible for the verification.

As for the reactions, on Twitter for example were mainly skeptical about the idea:

@Dibbs_ZA said «They are going to be pushing that system they developed with Accenture, then this is definitely going in the wrong direction. Their statement: You own the key to your data. Reality: YOUR secure data is in THEIR vault which you require THEIR permission to access».

@jfoxdev said «Unnerving. Not to go biblical, but uhh... eh, just count me out on this one».

@CryptoLobos said «What exactly means "private version of ethereum"?!! Seems to contradict decentralization and public ledger idea».

 

Accenture to File New Blockchain Patent

Technology, developed by the team, seeks to improve blockchain's security and stability
08 August 2018   334

Accenture, which works in the field of consulting and professional services, filed a patent application describing the technology of "Hardware blockchain accleration", designed to accelerate and improve the security of transactions in the blockchain using patented equipment. This is reported by CCN.

According to Accenture, this technology is necessary in connection with the new security threats that have emerged due to the rapid development of communication and electronic technologies. The patent application states that this technology provides safe and efficient execution of complex transactions not only between software processes and hardware systems, but also between people.

Accenture says its invention improves the security and scalability of the blockchain due to the fact that the encryption and decryption of data is carried out not only in hardware but also programmatically, so that the technology is not limited to either way.

As a result, the implementation shown … has increased security and scalability as compared to, for example, software only based security systems. For example, all or parts of the implementations may be circuitry that includes an instruction processor, such as a Central Processing Unit (CPU), microcontroller, or a microprocessor; or as an Application Specific Integrated Circuit (ASIC), Programmable Logic Device (PLD), or Field Programmable Gate Array (FPGA); or as circuitry that includes discrete logic or other circuit components, including analog circuit components, digital circuit components or both; or any combination thereof.
 

Accenture Patent Application

Instructions for performing tasks can be stored on various media, including flash memory, magnetic and optical disks like hard disks, CD-ROMs, as well as EPROM, ROM and RAM.

Earlier, the company developed a blocking prototype, which allows administrators to edit, rewrite and even delete blocks from closed blockchains. Then one of the leaders of Accenture, Richard Lamb, said that the absolute immutability of the block could not suit financial institutions like banks.