IBM and Hyperledger have signed on with the Decentralized Identity Foundation (DIF), a consortium formed earlier this year in a bid to promote interoperability and standards for blockchain-based ID systems.
The two enterprise blockchain heavyweights join a diverse group of organizations, including big corporates like Microsoft and Accenture, startups such as Civic and Gem, as well as open-source projects like uPort and Sovrin.
"This should be a signal that there is broad agreement in this area that crosses some significant strategic [and] organizational boundaries," Daniel Buchner, the DIF's executive director, told CoinDesk by email.
While some of these firms compete with each other, they are nonetheless collaborating on this project in order to avoid building systems that function like disconnected silos – basically, the same as the legacy infrastructures they seek to replace.
"[T]his diverse set of individuals and organizations is bound by a common creed: the belief that identity is composed of a deeply personal collection of data that defines us, and that your identity should answer to no one but you," the foundation said in a blog post published Wednesday.
To achieve such self-sovereignty requires "the fundamental primitives, protocols, and tools necessary to create an interoperable ecosystem," the group said. To that end the group is working on a set of specs and reference implementations for building blocks such as personal data stores and decentralized identifiers.
IBM, which has also been working on a blockchain-based ID system with a consortium of banks in Canada, previously expressed support for the foundation's goal of creating standards but had not until now committed to participating.
"IBM joined DIF because we believe it will take open community and standards to achieve the vision of self-sovereign identity," Big Blue said in its own blog post Wednesday.
Hyperledger, itself a consortium, has been doing similar work in the identity space through Project Indy, a partnership with fellow DIF member Sovrin Foundation.
Image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at email@example.com.
Lithuania's Central Bank Probes 100 Million Euro ICO
Lithuania's central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security.
In a Feb. 15 statement, the Lie
Record Retest? ETC Looks Poised on Double-Digit Climb
ETC, the native currency of the ethereum classic blockchain, looks set to re-test record highs, having now formed a base above $30.
As of writing, ETC is changing hands at $37.90, as per data sourc
$850 Million Raised in ICO So Far, Says Telegram
Messaging app provider Telegram says it has raised $850 million in the first part of its controversial initial coin offering (ICO), public records show.
If confirmed, the raise is by far the larges
Bottom Confirmed? Bitcoin at 20-Day High Near $11K
The bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, C
Australian Watchdog Received 1,200 Crypto Scam Complaints in 2017
Australia's consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017.
According to the ABC's current affairs program 7.30, data obtained from the Australia
Bitcoin Prices at 20-day High as Bottom Confirmed
Bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, CoinD
Bitcoin broke through $11,000 for the first time since January
Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month.
Bitcoin Bonus? See What China’s Tech Giants Reward Their Employees
In China, year-end bonuses are usually rewarded to employees before Chinese Lunar New Year (Spring Festival). The long-waited annual largess from tech companies and annual showoff from their employees