Microsoft Launches Decentralized Identity System ION On Bitcoin’s Blockchain

Microsoft Company’s (NASDAQ: MSFT) decentralized id system ION is now live on the Bitcoin blockchain.

What Occurred: After four a long time in the generating, the layer two community was productively deployed on the Bitcoin mainnet, according to the company’s current announcement.

“We have deployed an ION node to our production infrastructure and are doing the job alongside one another with other businesses and corporations to do so as properly,” reported Daniel Buchner of Microsoft’s Decentralized Identity team.

The venture is also fully open-resource, that means it has been made for any unique consumer to operate their possess node. “In simple fact, the extra nodes in procedure, the more robust the community gets to be,” famous Buchner.

Why It Matters: The ION Decentralized Identifier (DID) will employ the Bitcoin blockchain to authenticate on the net IDs.

Fundamentally, ION will use the similar logic as Bitcoin’s transaction levels to validate a user’s identity. According to ION, all the IDs will be tied to Bitcoin’s blockchain using the InterPlanetary File Procedure (IPFS) protocol, and nodes will be capable to process 10,000 ID requests in a one transaction.

Logging into a range of on-line platforms, which includes social media, or even shopping for tickets on the internet, could be made less difficult by the verification presented by a users’ DID.

Buyers can also use a DID as electronic proof to characterize any verifiable assertion, ranging from diplomas to membership playing cards.

Nevertheless, as opposed to common usernames and electronic mail addresses, DIDs will be owned and managed by the customers them selves, current independently of an exterior organization or 3rd get together.

“For us, Bitcoin was a needed issue for good results,” claimed Buchner to Bitcoin Journal, incorporating, “When we started crunching the figures, we realized that Bitcoin was the only chain that would in all probability be way too high-priced to assault.”

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