MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals

As an experienced analyst, I believe MicroStrategy’s foray into decentralized identity services using the Bitcoin blockchain is a significant step forward in the blockchain industry. The company’s reputation as the largest corporate holder of bitcoin and its commitment to developing the Bitcoin network make it an influential player in this space.

MSTR, the biggest corporation with Bitcoin holdings, announced its intention to create a decentralized identity system utilizing Ordinal inscriptions.

This software consulting firm shifted its marketing strategy around mid-year, branding itself as a “company specialized in bitcoin development.” They announced their intention to contribute to the Bitcoin network through various channels such as financial markets, promotion, and innovation. The recent unveiling of “MicroStrategy Orange” serves as evidence of their commitment to this new direction.

As a researcher studying MicroStrategy Orange, I can tell you that the primary objective of this platform is to create “decentralized identities that are resistant to manipulation and long-lasting.” According to Michael Saylor, the founder, he emphasized this point during the Bitcoin For Corporations conference on Wednesday.

With our service, users have the ability to generate decentralized identifiers (DIDs) that ensure anonymity in transactions. Similar to how Bitcoin transactions don’t associate with actual identities, these DIDs will maintain privacy as well.

As a crypto investor, I can tell you that MicroStrategy has developed an application named “Orange for Outlook.” This innovative tool allows users to incorporate digital signatures directly into their emails. By doing so, recipients are empowered to authenticate the sender’s identity with ease.

As a researcher, I’ve discovered that MicroStrategy currently holds approximately 214,400 Bitcoins, equating to around $10 billion in value. This significant investment represents over 1% of the total Bitcoin supply that will ever be mined.