Microsoft’s decentralized identity network, ION, first announced in May, is moving into beta testing on the Bitcoin network.
In a June 10 blog post, Daniel Buchner, program director for Microsoft’s Identity team, said the open source, layer 2 Identity Overlay Network (ION) has been launched. The goal is to provide users with a decentralized identifier (DID) that could replace the need for user names.
Willy Woo: those who invested $1 in BTC ten years ago could now buy a luxury yacht
Developed in conjunction with the Decentralized Identity Foundation, ION was developed as a decentralized network to function independently, and does not rely on „special utility tokens, trusted validation nodes, or additional consensus mechanisms.
„The central promise of DID technology is to empower all individuals and entities with ownership and control of their identities, which aligns well with our mission to empower each person to work, play and achieve more,“ Buchner said. „To fulfill that promise, we have chosen a different path from some of the more centralized approaches to DID technologies, and we believe that ION exemplifies that choice.
Bitfury to launch Bitcoin mining fund for institutional investors in Japan
Microsoft has not yet set a release date for the final version, but said it would work on tightening the protocol and improving the implementation of the ION reference in the coming months.
Microsoft continues blockchain streak
Cointelegraph reported in May that the technology giant had announced its new Bitcoin Investor Azure Service along with the Blockchain Azure Development Kit for the Ethereum blockchain.
MakerDAO increases by 30% after voting for „real world“ loan guarantees
It’s not the only company that sees the potential of DID technology. ConsenSys is using the blockchain Ethr-DID agnostic protocol for its own DID, in contrast to Microsoft’s SideTree.