TL;DR
MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized identification protocol on prime of Bitcoin…
Full Story
Okay so, like it or hate it…
Issues being constructed on the Bitcoin community carry extra weight than some other chain.
And earlier than you throw any accusations round:
This isn’t coming from a spot of bias – extra from a spot of “the Bitcoin community has extra worth (and subsequently, extra consideration) than some other blockchain community on the market.”
So if a function pops up on Bitcoin — by the numbers — it’s extra prone to be adopted.
Now, with that in thoughts, take into account this…
MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized identification protocol on prime of Bitcoin…
Translation: you’ll quickly be capable of show your identification as soon as through the ‘MicroStrategy Orange Decentralized Id Protocol,’ then by no means have to indicate ID on-line ever once more.
(That’s the thought not less than).
On-line platforms will first want to begin accepting the Orange Id Protocol’s proof of ID as a regular…
Which is a tall job!
However as we stated on the prime, issues being constructed on the Bitcoin community carry extra weight than some other chain.
Which suggests the Orange ID Protocol has a head begin towards the remaining…
And the thought of all our private data NOT being saved throughout a number of (doubtlessly weak) on-line databases?
That’s a fairly cool idea.
.png?format=1500w&description=Can%20We%20See%20Some%20%28Bitcoin%29%20ID%20please%3F){kind=link}