Michael Saylor introduced the Microstrategy Orange decentralized identity protocol at the company’s Bitcoin for Corporations event on Wednesday.
The protocol is anchored on Bitcoin and relies on Ordinals inscriptions to store the identity data while using SegWit to separate all the other data.
MicroStrategy has launched a new Bitcoin-based decentralized identity protocol that relies on Ordinals-like inscription to store the ID data on the world’s pioneer blockchain network.
At the annual MicroStrategy World 2024 in Las Vegas, executive chairman and founder Michael Saylor announced the new protocol, dubbed MicroStrategy Orange, that he says will revolutionize enterprise identity and security.
MicroStrategy unveiled the open-source MicroStrategy Orange Decentralized Identity protocol, which uses a modified approach to inscriptions as Ordinals, but stores only data related to DID, meaning documents can be created and updated with few restrictions on size and content…
— Wu Blockcha
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