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September 27, 2020
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Bitcoin

Microsoft builds a “distributed identification network” on Bitcoin


New network of MS Microsoft, the world’s leading IT company, has released a beta version of the decentralized identification network “ION” that uses the public blockchain of virtual currency Bitcoin. ION creates an identifier that can be encrypted and authenticated so that users can protect their digital ID information (login, etc.). Specifically, ION (IdentityOverlayNetwork) manages “digital ID” information such as e-mail address and login information on the Bitcoin blockchain, so that the user himself/herself can safely encrypt and…

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