MicroStrategy, the largest corporate holder of Bitcoin (BTC), has announced the launch of a decentralized identity solution based on the Bitcoin network, using Ordinal registrations to store and retrieve information.
An open solution not dependent on sidechains
The solution, called MicroStrategy Orange, was unveiled by CEO Michael Saylor at the Bitcoin For Corporations conference on May 1. MicroStrategy Orange is an open solution, not dependent on sidechains, and can handle up to 10,000 decentralized identifiers (DIDs) in a single Bitcoin transaction, said Saylor.
A goal of trust, safety and sustainability
MicroStrategy Orange’s goal is to “deliver trustless, unmodified and durable decentralized identities using only the public Bitcoin blockchain as a data source,” according to an unofficial project document shared by MicroStrategy on GitHub. DIDs will enable pseudonymization similar to that of real identities, which are not linked to Bitcoin addresses and transactions.
Solution components
MicroStrategy Orange consists of three essential elements: Orange Service, Orange SDK and Orange Applications. Orange Service facilitates the assignment of DIDs to employees, as well as the deployment of applications. In parallel, Orange SDK and Orange Applications provide customization tools for integrating specific services on mobile and desktop devices. An example of an application already developed by MicroStrategy is “Orange For Outlook”, which integrates digital signatures into e-mails to enable recipients to verify the recipient’s real identity.
Extending the reach
The registration process involves accepting an invitation e-mail signed by MicroStrategy’s DID, which generates a unique DID, public and private key pair for the user. The user’s DID and public key are registered on the Bitcoin network, enabling the user to start sending invitations to their employees to create their own digital identity. MicroStrategy aims to extend MicroStrategy Orange applications to other messaging platforms, social networks and applications in the e-commerce, enterprise and fintech sectors.
