Hyperledger and IBM recently joined the Decentralized Identity Foundation (DIF), a consortium formed earlier this year with the objective of advancing interoperability and establishing standards for blockchain-based identity systems.
The two blockchain giants have now aligned with a broad coalition that includes major corporations such as Microsoft and Accenture, emerging startups like Civic and Gem, as well as notable open-source initiatives like Sovrin and uPort.
The executive director of Coindesk, Daniel Buchner said in his recent review that, this recent happening must be a signal that speaks about the broad agreement in this particular area that shall cross some of organizational boundaries and other significant strategies in the upcoming days.
Some of the other firms do compete with one another, yet, they are now collaborating with their rivals under these projects, so that they can avoid developing systems that can result functioning as disconnected silos.
In its latest blog post, the foundation emphasized that a broad array of people and organizations are brought together by a common conviction—that identity is shaped by the aggregation of intimate personal information that fundamentally characterizes each individual.
Achieving genuine self-sovereignty demands essential protocols, tools, and foundational primitives to support the creation of a fully interoperable ecosystem. To this end, the group noted it is currently crafting a comprehensive set of specifications and reference implementations focused on critical components like decentralized identifiers and individual data repositories.
IBM Hyperledger happened after IBM recently expressed their support that lead to the foundations of creating standards with the DIF.