Blockchain

MicroStrategy Introduces Bitcoin Digital Identification Solution

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7 months ago

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MicroStrategy, the world’s largest corporate holder of Bitcoin, introduced MicroStrategy Orange, a decentralized identity protocol built on the Bitcoin blockchain.

Announced at the Bitcoin for Conference by company CEO Michael Saylor Wednesdaythe platform aims to provide secure, tamper-proof digital identities without relying on additional blockchain layers, processing thousands of identifiers within a single Bitcoin transaction.

MicroStrategy Orange takes advantage of the security features of the Bitcoin network, specifically by using Ordinal-based memberships to store and manage DIDs.

This approach offers a new level of security for enterprise systems.

The company has already developed an email authentication application and is looking to extend its technology to other platforms and industries.

The protocol’s introduction at MicroStrategy’s conference in Las Vegas highlights the company’s commitment to leveraging Bitcoin’s capabilities beyond traditional financial uses.

Using a modified approach to subscriptions and Bitcoin’s SegWit functionality, MicroStrategy Orange facilitates the creation and updating of documents with fewer size and content limitations.

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