MicroStrategy revealed its newest innovation at present, a decentralized id (ID) platform constructed on the Bitcoin community, named MicroStrategy Orange, on the MicroStrategy World: Bitcoin for Companies 2024 occasion.
JUST IN: MicroStrategy launches an enterprise platform for constructing decentralized id functions on #Bitcoin — MicroStrategy Orange 👀 pic.twitter.com/P5PXz80kSD
— Bitcoin Journal (@BitcoinMagazine) Might 1, 2024
“Immediately, I might wish to introduce MicroStrategy Orange, which is an an enterprise platform for constructing decentralized id functions on the Bitcoin blockchain,” mentioned Cezary Raczko, Government Vice President at MicroStrategy. “The platform consists of three basic items. On the coronary heart of it’s a service cloud hosted that permits you to difficulty these identifiers to your customers and your group.”
The revealing of MicroStrategy Orange marks a brand new milestone within the integration of Bitcoin into enterprise options. This platform is designed to empower organizations to make use of and handle decentralized id functions using the Bitcoin blockchain, leveraging its strong safety and immutability options.
Raczko additional defined that this new innovation permits you to deploy prepackaged functions that runs on the MicroStrategy Orange platform. “The orange apps are what is going on to be prepackaged, level options that deal with particular digital determine challenges,” he mentioned.
“We see an enormous alternative and that is just the start,” the MicroStrategy EVP of Engineering mentioned. “Custodial or non-custodial, the plain factor is each Bitcoin pockets on the market ought to incorporate the aptitude of making a Bitcoin based mostly digital id. Many messaging platforms undergo from the identical challenges that electronic mail does. While you get a textual content message, how are you aware the one who despatched you the textual content message…We might need to embody an orange test for these completely different messaging platforms.”
“And the opposite alternative we see and we need to pursue is integrating the digital id based mostly on Bitcoin with this greater verifiable credential ecosystem which opens up one other giant variety of very fascinating use circumstances,” Raczko concluded. “The place I can now credential my id anchored to Bitcoin — with a college diploma, with a course certification issued by a hyperscaler, along with your medical report and current these and have these verified all in a decentralized approach. However with the final word id residing and being anchored to the Bitcoin blockchain.”
Earlier this 12 months in February, MicroStrategy introduced itself as “the world’s first Bitcoin improvement firm” throughout a presentation. Since then, MicroStrategy Orange has been the primary technological innovation involving Bitcoin that the enterprise intelligence and software program firm has introduced.
The complete announcement of MicroStrategy Orange will be considered right here.