In today’s digital era, businesses are increasingly reliant on online interactions and transactions, making security and trustworthiness essential factors for successful operations. However, with the proliferation of cyber threats and identity fraud, maintaining robust digital identity verification measures is becoming more critical than ever. To address these challenges, Microsoft has introduced Microsoft Entra Verified ID, which provides a decentralized identity to users and securely exchanges data in a way that maintains privacy and security for all involved. In this article, we will explain the concept of Microsoft Entra Verified ID and explore how it will help businesses in securing their organization.
What is Decentralized identity?
A decentralized identity is an identity approach that revolutionizes the way people, organizations, and things interact within the digital world, fostering a transparent and secure identity trust fabric. In this system, individuals have complete control over their digital identity and associated credentials, empowering them with newfound autonomy and privacy. Unlike centralized identity systems, decentralized identity protects privacy and online user interactions across a secure network of nodes, typically based on blockchain, distributed ledger technology, or private/public key cryptography, thus significantly reducing the risk of large-scale data breaches and unauthorized access, ensuring that personal details remain private and secure.
What Are the Benefits of Using Microsoft Entra Verified ID?
Microsoft Entra Verified ID offers a range of compelling benefits, revolutionizing the way businesses handle identity verification. Here are some of the key advantages:
- Allows businesses to seamlessly issue and accept verifiable credentials by configuring Verified ID in their Microsoft Entra administrator portal.
- Enables them to easily customize and configure verifiable credentials for individuals, tailoring them to specific needs and requirements by utilizing prebuilt templates or designing unique rules and files.
- Allows them to validate a Verified ID credential with their approval through their digital wallet.
- Enables them to revoke or suspend the active verified status of a credential, when necessary, while still allowing the invalidated credential to remain in the individual’s possession.
Apps4Rent Can Help You Protect Your Identity with Microsoft Entra Verified ID
Microsoft Entra Verified ID is a game-changing solution that offers seamless issuance and acceptance of verifiable credentials. Its customization options, privacy-centric design, and dynamic credential management capabilities can empower businesses to increase trust, enhance user experiences, and stay at the forefront of secure digital interactions.
As a Microsoft Solutions Partner, Apps4Rent can provide Microsoft Entra ID licenses and can help you set up Microsoft Entra Verified ID according to your business requirements at no additional cost. Contact our Microsoft-certified cloud experts, available 24/7/365 via phone, chat, and email for assistance.