MicroStrategy launches decentralized identity protocol MicroStrategy Orange! Built based on the Bitcoin Ordinals protocol

This site (120BtC.coM): MicroStrategy (MicroStrategy), the dominant U.S. listed company in Bitcoin holdings, held the 2024 MicroStrategy World Annual Conference on the 1st. The founder and executive of MicroStrategy Chairman of the Board Michael Saylor announced new plans at the meeting to launch MicroStrategy Orange, a decentralized identity platform.

According to Decrypt, MicroStrategy Executive Vice President Cezary Raczko said that MicroStrategy Orange is a decentralized identity application enterprise platform built on the Bitcoin network. The platform consists of three basic parts, and its core is a A cloud-hosted service that allows businesses to issue identification codes to users.

Raczko further explained that MicroStrategy Orange allows enterprises to deploy pre-packaged applications that can run on the platform. The Orange software development kit will allow programmers to easily use these functions and integrate them into their own applications. in programs and systems.

According to the MicroStrategy Orange introduction document, the protocol uses a similar but slightly modified approach to Ordinals to handle inscriptions and only stores data related to decentralized identities (DID), which means that it can be scaled, Create and update files with virtually no restrictions on content while leveraging Bitcoin’s Segregated Witness (SegWit) capabilities.

Decentralized identification codes are widely used

Raczko used email as an example to explain how to use MicroStrategy Orange to generate public and private keys based on Bitcoin: Once the email is confirmed to be authentic, You can accept the invitation and we will generate a unique decentralized identification code, public key and private key pair for you. We will send the decentralized identifier and public key to the Orange servers to be imprinted on the Bitcoin blockchain, and then you can start sending Orange-signed emails.

Raczko added that MicroStrategy Orange’s decentralized identification codes can also be used to verify users on social media applications or verify the authenticity of text messages, college degrees, and medical records.

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