the Microsoft is working on a decentralized identity network based on the Bitcoin Blockchain. The Open-Source project with the name ION is to enable billions of people to act in a safe. The Software giant wants to prepare the way for a future with a decentralized DIDs. ION is intended to ensure, among other things, the required scaling.
Brigitte Bernhardt
15. May 2019BTC$7.939,00 -1.34%part Facebook Twitter LinkedIn xing mail
Microsoft is treading with ION a further step in the direction of decentralized identity. Here, the core idea is that every human being has a decentralized, digital identity and self-controlled. These DIDs (Decentralized Identifiers) are to be covered by their own identifiers. Thus, Microsoft wants to make secure interactions between organizations, people and devices possible.
from a Blog post by 13. In may, the company worked this intensively on the development of Open-Source components.
the so-Called Identity Hubs to ensure a safe, encrypted storage of personal data. The DID a network with the name ION (Identity Overlay Network) is based on the Bitcoin Blockchain. This new concept aims to improve the throughput of DID systems to achieve tens of thousands of transactions per second.
synergies for the digital identity on the Blockchain
Microsoft has developed the project in cooperation with partners of the Decentralized Identity Foundation (DIF). In the DIF, a number of international companies and organizations dedicated to creating an open, accessible Ecosystem of decentralized identity.
A technical sticking point of the project is the increase in the transaction volume without affecting the properties of the decentralisation, however, is. Especially the cooperation with DIF-members ConsenSys and Transmute played a major role in this, Daniel Buchner, senior program Manager in the Microsoft Identity Division. Microsoft uses according to information from a wide range of synergies, to drive the project forward. Daniel Buchner writes in his blog post:
the Code for the ION-reference-Node is still in a rapid development, and there are still many aspects of the Protocol are implemented, before it can be tested on the Bitcoin main network. (…) To begin as with our previous announcements, we will share our work as early as possible – with all its rough edges – a conversation with the Community, and to promote cooperation.
companies are already on Board to operate the ION Nodes, including: Equinix, Casa, Learning Machine, Civic and Cloudflare.
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