Microsoft launches decentralized identity tool on Bitcoin blockchain

posted 5 months ago
Microsoft is launching the first decentralized infrastructure implementation, by a major tech company, built directly on the Bitcoin blockchain. The open source project, Ion, deals with decentralized identity (DID) solutions, key signing and validation, and the underlying mechanics of how networks talk to each other. For example, if you log onto Airbnb using Facebook, a software protocol sends the personal information from your social profile to that external service provider. In this case, Ion handles the decentralized identifiers, which control the ability to prove you own the keys to this data.

Christopher Allen, a crypto veteran and the co-founder of the World Wide Web Consortium (W3C) working group for decentralized identity (DID) solutions said “To have Microsoft say they are not scared of Bitcoin, and in fact, it has some very good properties and we are willing to take advantage of those properties, is, I think, a step in the right direction.”
Tags: bitcoin, blockchain, news