THELOGICALINDIAN - The decentralized ID agreement can accommodate a defended accompaniment to usernames and passwords
Microsoft appear today that its ION band for Bitcoin is complete, as appear in a blog post from the company.
What Is ION?
Microsoft’s ION Arrangement is a Decentralized Identity (DID) arrangement congenital on top of the Bitcoin blockchain as a second-layer protocol. Rather than administration payments, Microsoft ION is advised to handle identities and admission to online accounts.
This provides a defended another to usernames and passwords. Project advance Daniel Buchner ahead appropriate that for end users, the acquaintance can be fabricated agnate to that of Google Authenticator, a accepted apparatus for managing two-factor affidavit (2FA).
Today’s absolution marks the aboriginal abounding absolution of ION. Director of Identity Standards Pamela Dingle stated: “We are aflame to allotment that v1 of ION is complete and has been launched on Bitcoin mainnet” and added that anyone can use the accessible antecedent protocol.
Microsoft’s Many Blockchain Projects
Microsoft’s decentralized character arrangement efforts accept been in development for four years, while ION has been in development back 2024. The activity launched in beta in June 2024.
ION was congenital on an absolute agreement alleged Sidetree, which was developed by associates of Microsoft and several added tech companies. Notable contributors accommodate the action Ethereum close ConsenSys, the Bitcoin wallet aggregation Casa, the acquittal processor BitPay and the crypto barter Gemini. Agreement Labs (IPFS) and Cloudflare additionally contributed to the project.
Microsoft additionally has several other blockchain initiatives underway. In antecedent years, it has become a affiliate of the Enterprise Ethereum Alliance, fabricated abundant use of JP Morgan’s Quorum blockchain, and alien a .NET toolkit for NEO.
Development on ION will continue, acceptation that this is not the aftermost time that the blockchain association will apprehend from Microsoft.
At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
