Microsoft ID System Launches Beta on Bitcoin Network
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The decentralized identity network the tech giant announced in May has now launched in beta on the Bitcoin blockchain.
Microsoft’s decentralized identity network ION, first announced in May is moving to beta testing on the Bitcoin network.
In a June 10 blog post, Daniel Buchner, a program manager for the Microsoft Identity team, said the open-sourced, layer 2 Identity Overlay Network (ION) had launched. The aim is to provide users with a decentralized identifier (DID) that could replace the need for usernames.
Developed in conjunction with the Decentralized Identity Foundation, ION was developed as a decentralized network to operate independently and doesn’t rely on “special utility tokens, trusted validator nodes, or additional consensus mechanisms”.
Read more: https://cointelegraph.com/news/microsoft-id-system-launches-beta-on-bitcoin-network