New decentralized identity platform: MicroStrategy Orange
MicroStrategy has launched a new decentralized identity platform called MicroStrategy Orange that leverages the Bitcoin blockchain. The announcement was made at the MicroStrategy World: Bitcoin for Corporations 2024 event. This enterprise platform is designed to enable organizations to develop and manage decentralized identity applications while leveraging the security and immutability of the Bitcoin network.
Core of the platform: Service Cloud
Cezary Raczko, executive vice president at MicroStrategy, explained that the core of MicroStrategy Orange is a service cloud that enables organizations to issue identifiers to their users. The platform will also include pre-built applications, known as "Orange Apps," designed to address specific digital identity challenges.
Potential of the platform and integration of Bitcoin-based digital identities
Raczko highlighted the platform's potential for broad applications, including improving verification processes in messaging platforms and integrating Bitcoin-based digital identities with the broader ecosystem of verifiable credentials. This integration could enable users to securely and efficiently verify credentials such as university degrees and medical records anchored to Bitcoin.
First significant foray into Bitcoin-based technology
This launch marks MicroStrategy's first significant foray into Bitcoin-based technology after being announced as a Bitcoin development company earlier this year.
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