- Microsoft has launched a decentralized infrastructure implementation on the Bitcoin blockchain
- This is the first of such launched by a major company
Perhaps the biggest evidence of the progress of blockchain in the modern world is the fact that so many powerful corporations are embracing it and developing their own products that are blockchain-based. First, it was JPMorgan and then Facebook and now Microsoft seems to be getting in on the action as it was reported on May 13, 2019, that they will be launching the first decentralized infrastructure implementation from the Bitcoin blockchain by a major company.
The project in question is reported to be identity-focused and will be called Ion and deals with the technology through which networks communicate and share information.
Sharing and Caring
The internet is a multifaceted system and various networks connect with each other at various times and for various purposes such as social media networks and booking sites, review sites and so on. When interaction takes place between these networks such as the login in through a particular social media profile, information is shared between the two networks. By making use of blockchain, the sharing of this information can be made more secure and more efficient with a permanent log of the information shared is kept.
According to York Rhoades, who is a program manager at Microsoft’s blockchain team, Microsoft has been working on a key signing and validation software which will make use of blockchain but has the potential to handle more information than the blockchain itself.
“There are systems that we have at Microsoft that give you permissions in an enterprise context, a product called Active Directory, that we think need to be able to recognize these DIDs as well,” he said.
Another source connected to the project also stated that the project will shift from using the Bitcoin testnet the Bitcoin mainnet this year. This means our contributions will be welcomed and allowed by anyone who can run in node.
This sort of projects also speaks to user access to their own data and handling of this by large firms which is currently a hot-button issue in both the tech and consumer world, especially with revelations such as Facebook’s previous behavior.
As such, there is a large potential market for this project and once it is fully launched, there seem to be little limits to how much can be done with it while also benefiting the consumer.