MicroStrategy announced its latest innovation, MicroStrategy Orange, a decentralized identification (ID) platform built on the Bitcoin network, at the MicroStrategy World: First: Bitcoin for Corporations Conference in 2024.
Enterprises can enjoy power control over the Bitcoin blockchain that is solely utilized to assure the stringent security of decentralized identification apps.
This recent innovation gives a straightforward cure for digital identity challenges. To let organizations issue IDs to users and use ready-made blockchain apps to tackle identity issues. Raczko underlined the unifying aspect with messaging settings that caused authentication of text messages’ authenticity.
Microstrategy Orange is a business program aiming at establishing decentralized identification applications on the public ledger hosted by Bitcoin. Cezary Raczko, the MicroStrategy Executive Vice President, pointed out that the platform comprises a collection of APIs for address generation, many orange apps, and a software development kit (SDK) for embedding tools into the user systems.
Moreover, MicroStrategy Orange will combine Bitcoin-based digital identities with a valid credential system. This means academic degrees to medical records can be safely tied to the Bitcoin blockchain. Microstrategy Orange launched the first MicroStrategy product which is a technology innovation involving Bitcoin.
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