Microsoft ION: Decentralized Digital Identity (DID) beta on Bitcoin launched

Identity Overlay Network: a decentralized identification tool

A collaboration with Gemini and Bitpay

Identity Overlay Network: a decentralized identification tool

The ION was announced in May 2019 by Microsoft. Microsoft is the first major company to develop a decentralized application based on the Bitcoin blockchain. Being an open source decentralized identity infrastructure based on the Sidetree protocol and built on Bitcoin, the ION is a network that aims to enable several tens of thousands of identity verification operations per second. In other words, the project aims to create decentralized identifications that replace the need to use user names and give each person more control over their data. The ION was developed in collaboration with the Decentralized Identity Foundation (DIF), which wants to promote the use of DID systems at the global level.

A collaboration with Gemini and Bitpay

In a blog post dated June 10, 2020, Daniel Buchner, one of the developers of the open source project at Microsoft Identity, said that ION was now available, in beta version, on the Bitcoin blockchain. Buchner has developed the basic formula of the protocol that uses ION in 2017. Since then, development has been carried out with the Decentralized Identity Foundation team. Mr. Buchner stated that:

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