Microsoft Launches ION User Identity Solution on Bitcoin Blockchain – Bits Media

Daniel Buchner, Senior Product Manager for Decentralized Identity Products at Microsoft, Confirms Launch of ION - Decentralized Identity Network (DID) on the Bitcoin blockchain.

In an article in the company blog Daniel Buechner (Daniel Buchner) told, what after four years of development, the ION solution has finally been released. This is a second level solution on the Bitcoin blockchain, which stores DID and DPKI (decentralized public key infrastructure), and can scale.

DIDs can be used to securely access resources, login and verification of users on platforms, as well as to ensure the exchange of data between platforms. In this case, the user himself manages his identifier and can delete it at any time..

“We have deployed an ION node on our infrastructure and are working with other organizations, so they do the same. ION does not rely on centralized structures, trusted validators or special tokens - it only responds to the community. It is an open system, so that anyone can start their own node and the more nodes there are, the stronger the network ", - emphasized in the article.

ION solution is connected to IPFS decentralized file storage and does not require additional consensus mechanisms. Moreover, it is capable of processing "tens of thousands of transactions per second". The choice of the Bitcoin network was due to security - the blockchain of the first cryptocurrency does not allow changing records, and the cost of attacking it is extremely high.

Recall, that testing the ION solution on the Bitcoin blockchain started in the middle 2020 of the year.