Decentralized IDs: How blockchain enables a better user experience and a “create-once-use-anywhere” identity

We use our identity each day, and often more times than we realize. We use our identity to shop online, submit tax returns and even logon for a day’s work. Each of these require a separate identity and the need to remember passwords, and a separate registration process.

What if we could merge these and have a shared ID instead of having different credentials? The good news is that blockchain has enabled a new way to solve this problem through constructs like verifiable credentials (VCs) and the ability to orchestrate identity verification across the network. In this episode, David Chan, Ernst & Young LLP, speaks with Ankur Patel, Microsoft – Identity Products Lead and Rob Foster, Ernst & Young LLP, about how DIDs (decentralized identities) can improve the user experience and streamline identity management processes.