- Microsoft (NASDAQ:MSFT) and Accenture (NYSE:ACN) unveil the prototype of a digital ID network as part of a U.N. project to provide legal identification to those without the necessary official documents, a group that currently includes about 1.1B people.
- The prototype, built on an existing Accenture platform, uses blockchain, a technology that decentralizes digital records across numerous computers for security and preservation as the information can’t change unless it’s changed on all the blocks in the chain.
- The blocks in the prototype chain will consist of numerous commercial and governmental entities that would have personal identification on file. If a person leaves a country without identification, the chain will provide that information wherever the person moves.
- "Without an identity you can't access education, financial services, healthcare, you name it. You are disenfranchised and marginalized from society," says Accenture financial services managing director David Treat. "Having a digital identity is a basic human right."
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