MicroStrategy Launches 'Orange Check' Decentralized ID on Bitcoin

May 2, 2024, 01:25 AM

MicroStrategy has launched a new enterprise platform named MicroStrategy Orange, which focuses on building decentralized identity applications using the Bitcoin blockchain. This initiative, referred to as 'did:btc', aims to provide a decentralized identity verification system, described as an 'orange checkmark for your email', that could potentially replace traditional verification methods like the blue check on social media platforms. The platform is open source and available on MicroStrategy's GitHub. Michael Saylor, Executive Chairman of MicroStrategy, highlighted the potential for this technology to serve as a universal standard for verified identities online, specifically for verified social media accounts using the Bitcoin blockchain.