Express

Microsoft Launched Beta Version Of Bitcoin-based ION

Dawn Wu

Summary: CoinDesk reported that Microsoft launched on mainnet a beta version of decentralized identity tool, ION (Identity Overlay Network), which runs on the Bitcoin blockchain, on Wednesday. Along with many other functions, the ION can be used as an ID tool for contact tracing regarding the COVID-19 pandemic.

CoinDesk reported that Microsoft launched on mainnet a beta version of decentralized identity tool, ION (Identity Overlay Network), which runs on the Bitcoin blockchain, on Wednesday. Along with many other functions, the ION can be used as an ID tool for contact tracing regarding the COVID-19 pandemic. 

The ION is designed to allow users to skip system providers and possess their own login credentials. According to a Microsoft spokesperson, “While there could be relevant software solutions inspired by new needs and current market demands, Microsoft believes in empowering people and protecting privacy and is committed to growing the open source community and industry standards.” 

By Dawn Wu

Last Update:

Tags: ,
Link: Microsoft Launched Beta Version Of Bitcoin-based ION   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 17 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago

    • You need to login to comment.