Earlier quoted context omitted.
Centralized identity management was the grand promise of OAuth. It seems that somehow ended up, in most practical applications, as a "login with Facebook" button. There are a number of startups working on simplified or "passwordless" auth, but it seems that none have substantive traction. I'd love to be proven wrong, here, though!
Before that there was Microsoft Passport. Federated login for the web is a “problem” various parties have been working on for 20 years.
Worse, people's fears in this area are completely justified. Precious few companies have proven themselves to be contentious with our personal data. Some go as far as to repackage and outright sell said data for personal gain.
A decentralized blockchain-like system might work for this, but as far as I know it has not been attempted.