Microsoft is a brand name that almost every person on the planet knows. Thus far, Microsoft has successfully introduced an operating system that is implemented across all the computers in the world except for a few exceptions. Now Microsoft is working on another new technology based on cryptocurrencies that may be the next significant phenomenon in tech.
This project has been deployed since March 2021 on the Bitcoin mainnet. It is a second-layer and permission-free network that supports Decentralized Public Key Infrastructure and Decentralized Identifiers, commonly referred to as (DPIK) and (DID).
Users will have Full Control of their Digital Identification
The blockchain project developed by Microsoft is introducing a whole new dimension to the tech world. It will allow commercial and individual users to gain complete control over their online identities. Daniel Buchner is a Senior Product Manager for the ION network at Microsoft. At the network launch, he told the media that ION is only answerable to the community members and operates without the intervention of third-party services.
The users who have created an Identity on the ION network will use it in multiple places. They can also log in and register on a website and access their credentials without the need for third-party validators. In this manner, the users will be able to own their IDs personally, and no other corporations could access their information as they like. At Bitcoin 2021 conference Buchner told the media that just like Bitcoin allows users to purchase the technology with money, ION operates in the same manner.
Pros and Cons of ION Network
ION network is a technology in primary phases. For the time being, it has been a struggle for the developers to introduce a more humane interface. There is also the issue of DID being lost. A user who acquires a DID will have to act more responsibly. Buchner commented that if the data is synced with the device, the information will be there; however, the users would have to apply for a replacement that could be a hassle.
The users with DID can issue multiple IDs based on their needs. They will control how much information can be accessed by the viewers on a particular platform. Microsoft has also partnered with Azure Active Directory for enterprise DID development. Buchner compares the DIDs with social login.