The corporation announced the beginning of beta testing of technology that will allow the creation of digital decentralized accounts on the Internet and will be applicable in social networks.
Microsoft has announced the launch of a network of decentralized identifiers (DID), which works in particular on the basis of the Bitcoin blockchain. ION technology allows users to create digital accounts. We are talking, for example, about a driver’s license or accounts on social networks. The data stored on them will belong exclusively to users, and not to services, since the system is decentralized, according to the official Microsoft blog .
“We are very pleased that ION connected to the Bitcoin network to launch a public beta ... From the very beginning, ION was designed as a decentralized network designed to work independently of centralized parties and intermediaries, including Microsoft,” the company said.
ION technology has entered beta testing. It can be used by companies and individuals. The crypto exchange Gemini, manufacturer of hardware nodes Casa, payment service BitPay, software developer NCR and other companies also participate in the project.
In March, Microsoft patented a mining system that uses human body activity data to extract digital money. The user will be able to receive rewards in the form of cryptocurrency for watching ads or for performing physical exercises.
Microsoft Announces Bitcoin-Based Product Launch
By Kluma | InterestingCrypto | 11 Jun 2020
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