Kelvin Testimony Amachree
In a groundbreaking announcement at the MicroStrategy World conference in Las Vegas, Michael Saylor, co-founder and Executive Chairman of MicroStrategy, introduced the revolutionary MicroStrategy Orange Decentralized Identity protocol. This open-source innovation is set to transform the way we approach identity verification and authentication.
Built on the Bitcoin blockchain, MicroStrategy Orange Decentralized Identity protocol harnesses the power of Ordinal-based inscriptions to store and retrieve information. This decentralized identity solution enables pseudonymity, allowing individuals to maintain privacy while verifying their identities. With the ability to process up to 10,000 Decentralized Identifiers (DIDs) in a single Bitcoin transaction, this protocol is poised to reshape the landscape of identity management.
The MicroStrategy Orange Decentralized Identity protocol consists of three core components: Orange Service, Orange SDK, and Orange Applications. Orange Service enables users to issue DIDs and deploy applications, while Orange SDK provides customization tools for seamless integration on mobile and desktop devices. Orange Applications, such as “Orange For Outlook,” integrate digital signatures into emails, ensuring recipients can verify the true identity of the sender.
This decentralized identity solution has far-reaching potential, from verifying user identities on social media platforms to authenticating text messages, college degrees, or medical records. With MicroStrategy Orange, the goal is clear: to deliver trustless, tamper-proof, and long-lived decentralized identities using only the public Bitcoin blockchain as a data source. Join the revolution and explore the endless possibilities of MicroStrategy Orange.
MicroStrategy’s executive vice president of engineering, Cezary Raczko, praised Michael Saylor’s presentation on decentralized identity, highlighting the need for secure and robust digital identities anchored in the Bitcoin blockchain. Saylor’s compelling argument showcased the potential of MicroStrategy Orange, a revolutionary decentralized identity solution built on the Bitcoin network’s strength and security.
In a surprise move, MicroStrategy released an unofficial draft of the MicroStrategy Orange specification on Github, making the innovative technology available to the public. Although the timing was unexpected, Saylor had previously hinted at MicroStrategy’s interest in identity and authentication solutions, particularly with the rise of Ordinals in January.
With MicroStrategy Orange, the company is pioneering a decentralized identity ecosystem, enabling individuals and organizations to manage digital identities in a secure, pseudonymous, and decentralized manner. This groundbreaking initiative has far-reaching implications for online identity management, authentication, and privacy, and is poised to transform the digital landscape.
According to Michael Saylor, the concept of immutably storing data on the blockchain unlocks a vast array of possibilities. He envisions a future where digital signatures, registrations, and even hashes of documents can be securely “burned” onto the blockchain, leveraging the unparalleled security of Bitcoin. This innovative approach has the potential to revolutionize enterprise security, which Saylor believes is currently lacking compared to the robustness of Bitcoin.
The MicroStrategy Orange platform is designed to harness this potential, consisting of three core components. At its heart is a hosted service cloud, enabling organizations to issue decentralized identifiers to their users and deploy pre-packaged applications seamlessly. This user-friendly approach makes it easy for enterprises to integrate the MicroStrategy Orange platform into their existing infrastructure, paving the way for a new level of security and authentication.
By building on the strength of Bitcoin, Saylor believes that innovations like MicroStrategy Orange can introduce an unprecedented level of security and trustlessness to various industries. As the world’s largest cryptocurrency continues to evolve, its applications are poised to transform the digital landscape, and MicroStrategy Orange is at the forefront of this revolution.
The MicroStrategy Orange documentation reveals a decentralized identity protocol that builds upon the Ordinals inscription approach, but with a twist. By solely focusing on decentralized identity (DID) data, the protocol unlocks flexibility in document creation and updates, with minimal size and content restrictions. Leveraging Bitcoin’s segregated witness (SegWit) feature, MicroStrategy Orange ensures efficient and secure data management.
As explained by Cezary Raczko, once an email invitation is verified as genuine, the user’s unique decentralized identifier and public-private key pair are generated. The decentralized identifier and public key are then sent to the Orange server, where they are inscribed on the Bitcoin blockchain. This process enables users to start sending Orange-signed emails, revolutionizing digital communication with enhanced security and authenticity.
By harnessing the power of Bitcoin’s decentralized network, MicroStrategy Orange creates a robust and trustworthy ecosystem for digital identities. With its flexible and efficient approach, this protocol has the potential to transform the way we manage and verify online identities, making it an exciting innovation in the blockchain space.
“[The] opportunity we see and want to pursue is integrating the digital identity based on Bitcoin with this bigger, verifiable credential ecosystem which opens up another large number of very interesting use cases where I can now credential my identity anchored to Bitcoin,” Raczko said.
He added that the MicroStrategy Orange decentralized identifier could also be used to verify users on social media applications or authenticate a text message, college degree or medical record.
“Present those and then have those verified all in a decentralized way, but with the ultimate identity living and being anchored to the Bitcoin blockchain,” Raczko added—suggesting that Orange could make it possible to display an “orange check” for verified users across platforms.