ION (CURRENCY:ION) traded 10.5% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM E.T. on December 24th. One ION coin can currently be bought for $0.0175 or 0.00000075 BTC on popular cryptocurrency exchanges. During the last week, ION has traded 17.5% lower against the U.S. dollar. ION has a market cap of $237,469.33 and $64.00 worth of ION was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

ION Profile

ION Coin Trading

ION can be bought or sold on the following cryptocurrency exchanges:. It is usually not presently possible to purchase alternative cryptocurrencies such as ION directly using U.S. dollars. Investors seeking to trade ION should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase ION using one of the aforementioned exchanges.

ION (CURRENCY:ION) traded 29.1% lower against the US dollar during the 1 day period ending at 0:00 AM ET on January 15th. ION has a total market capitalization of $126,539.64 and $207.00 worth of ION was traded on exchanges in the last day. One ION coin can currently be purchased for approximately $0.0093 or 0.00000026 BTC on exchanges. Over the last week, ION has traded down 61.1% against the US dollar.

Here’s how related cryptocurrencies have performed over the last day:

ION Profile

ION Coin Trading

ION can be purchased on these cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as ION directly using U.S. dollars. Investors seeking to acquire ION should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy ION using one of the aforementioned exchanges.

In May 2019, Microsoft sketched up a plan for an open-source, decentralized, and blockchain-agnostic identification system called Identity Overlay Network (ION). As  a June 10, 2020 release, the ION public beta will launch on the Bitcoin mainnet. Microsoft has said this is a major milestone as they march towards a version 1 release set at a tentative time between Q3 and Q4 2020. With increasing censorship and monitoring, personal identifiers must be moved away from centralized companies on the internet to a decentralized network where users have total control. Part of Microsoft’s objective is to be part of this necessary migration. The ION is an Apache-2 Licensed project built on Sidetree’s Decentralized identifiers (DID) protocol whose prototype was announced in 2019.  The overarching goal of this network is to create new identifiers backed in a decentralized blockchain replacing user names like emails.  Through ION’s schemata, several forms of identities can be created for innumerable use cases including in zero-knowledge identification and verification. It is a Layer 2 solution taping on the decentralization and security of the Bitcoin blockchain.  Interestingly, while Microsoft has invested in the project, it won’t have control, and neither will other centralized parties and trusted intermediaries in the true spirit of decentralization and adherence to blockchain principles.  Notably, the ION network won’t dispense tokens nor rely on trusted validators to function. Instead, it shall remain robust and secure personal data by solely relying on the “deterministic progression of Bitcoin’s linear block chronology is the only consensus it requires.”  This chronology helps in proving ownership, riding the “double-spend” problem that decentralized identity, like cash, face.  Disruptive, Microsoft decided to invest in the idea through the Decentralized Identity Foundation (DIF) thereby fast-tracking the development of the protocol.  With efforts from different collaborators including Transmute, Casa, , and Ethereum’s ConsenSys, the Sidetree protocol is in the final stages of being codified into a formal specification within DIF’s Sidetree Development & Operating Group. Casa has also partnered with the tech giant to create an easy-to-use user interface for digital identity management. Earlier, BTCManager  that Microsoft had patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks.

An “enterprise blockchain” is a type of permissioned blockchain that can be used to streamline business processes at scale, such as track supply chain goods or settle global payments.

Corporations believe this type suits their needs better than a public blockchain network, such as Bitcoin, because the visibility of their data can be restricted to a select group of people.

While there are different types of blockchains, they are all essentially digital records of financial transactions and data that are shared among a group of entities. They also use cryptography to make it difficult for malicious agents to manipulate the history of previous transactions. 

Facebook, IBM, JPMorgan, Walmart and Intel are just some of the big companies exploring enterprise blockchains and how this modern technology can be leveraged to improve transparency and optimize existing business operations.

A vast majority of enterprise blockchains are “permissioned blockchains,” meaning companies have direct control over them. For instance, they can block transactions that do not comply with their rules, or if law enforcement asks them to do so.

This is one of the biggest differences that sets permissioned ledgers aside from public ones like the one Bitcoin is built on. Public blockchains exist outside the control of any one company or government and are resistant to censorship. This is why bitcoin and other cryptocurrencies have been used successfully to circumvent international sanctions and even combat domestic cases of extortion.

While companies aren’t keen on this aspect, many have determined that they might be able to use the underlying technology to revolutionize payments and other areas of business. 

Some of the main characteristics of enterprise blockchains include:

Enterprise blockchains are generally permissioned, falling into two categories:

Enterprises could also conceivably use a public ledger system like Bitcoin, but most choose not to. Microsoft’s identity project ION is an outlier for doing so. 

Blockchains can be useful, but not every company needs one. CoinDesk has put together a chart with some of the questions you might want to ask and answer before proceeding down the rabbit hole. 

Computer science researchers put forth a similar, more formal paper for determining which scenarios blockchains are best suited for. 

A global survey of companies conducted by Deloitte in 2019 found 53% of respondents said that “blockchain technology has become a critical priority for their organizations in 2019,” a 10% increase over 2018.  

Big companies with household name recognition are exploring this type of distributed ledger technology and don’t want to be left behind. 

Notable companies exploring them include:

Many companies have been exploring the advantages of enterprise blockchains for years. But the technology is far from taking over the world just yet. Most companies are still in the testing phase and haven’t rolled out production-ready versions. Whereas before companies working on these solutions have mostly been rivals, recently many of these same companies have been partnering with existing blockchain projects.

Last week, ionomy's Chief Strategist, Adam Matlack, and General Manager, Richard Nelson, sat down for a live update and Q & A session on Google Hangouts to discuss a slew of updates and the New Year’s goals for 2019.In case you missed it, I thought I’d recap the main highlights because there’s just so much going on with ionomy right now. So, let’s right dive in!Starting with some very big news, iomony is right on the verge of adding Ethereum to the backend as well as other Ethereum tokens. They’ve been working hard to get the ionomy.com platform ready for this, so look out for this update very soon.And, speaking of tokens, ionomy has decided that in the future, its own token, ION, will strictly be accepted on the platform. Technically, you will still be able to use other cryptos but the platform will automatically swap them out for ION for you. This really serves the purpose of helping to increase the value of ION; ionomy is growing and the more people use its services, the more volume will be directed to the ION currency.The ionomy Power Grid (PWR-GRD) is making steady gains. They have been re-doing the Lightning API for the past month, and they are pretty happy with where it’s going. PWR-GRD, as you may know, is what ionomy has been designing this past year and it’s almost complete. Currently, they are in the stages of analyzing the competition and just making sure it serves developers and gamers to its fullest potential.What is PWR-GRD? It’s sort of an extension of ionomy. While ionomy is geared more to gamers and traders, the PWR-GRD is for game developers. Its features are being built to make the complex process of game development more streamlined. Thunder, for instance, lets game developers create their own in-game tokens on the blockchain easily, which is a pretty big deal for creating customer loyalty.The Team said they are very close to having Thunder and Jumpstart (a crowdfunding system for new games) ready, too. Other parts of the PWR-GRID moving along are Spark, an in-game ad network, and Swarm, which will facilitate low-latency multiplayer gaming.The ionomy team plans to travel to Korea in mid to late January to meet with companies in Korea looking to leverage their propensity for cryptocurrency and gaming. This could lead to some very exciting partnerships in the future. Korea just so happens to be on the forefront of the rapidly-growing cryptocurrency market - a crazy 39% of Koreans now own crypto, compared to 8% of Americans. Needless to say, there’s lots of potential to grow ionomy by aligning with this market.GravityV2 will be in stores next week, and the Rumble Arena integration will hopefully be complete in the first quarter of the year. Also, Offroad Heat has some updates coming that will include new maps.Dark Matter (XDM) is also coming in 2019 (hopefully in the first quarter, the Team said). Dark Matter isn’t just an ordinary token; you can create tokens on the ION chain with it. How cool is that?If you’re looking forward to getting some Dark Matter (XDM) not only can you get it in the auction but in the Dark Matter airdrop to ION, ATOMs, and other cryptocurrencies that will be voted on.The next fork will happen around the beginning of February. The exact date will be released soon.With all the cool games ionomy Studios is developing, they decided to expand their team of game developers which is great news for all of us looking forward to the release of UrbanWords! Additionally, ionomy has just brought on a full-time online marketer to rev up marketing efforts.Wow, I told you there was a lot of updates! I think it’s safe to say the ionomy Team will be very busy this year! If you want to see the entire Hangout and a peek of the new PWRGRD dashboard, do check it out here AND, to stay up-to-date with ionomy, you can register for announcements on ionomy.com.

IONOMY.COM Launches Initial Coin Offering For New Mobile Gaming Digital Currency ION By Bitcoin.com - Apr 28, 2016 6609 This is a paid press releaseand should be treated as advertising and promotional material. Bitcoin.com does not endorse nor supports this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy, quality, within the press release. Readers should do their own due diligence before taking any actions related to thepromotedcompanyor any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Startup ionomy.com releases new coin designed around rewarding mobile gamers and bringing new users into the crypto space. SINGAPORE ionomy (www.ionomy.com), a gaming and blockchain cryptocurrency startup, on April 4, 2016, announced its new gaming, investment, and digital currency platform, ionomy.com. With a revolutionary digital currency, ION, at the center of the ionomy, the company seeks to ease entry of cryptocurrency adoption through mobile gaming and social activities. Revenues from the platform provide continuous support to the development of ionomy.com, ION, and expansion of its innovative Static Proof of Stake network. After securing initial funding of $125,000 through an initial crowdsale offering in November of 2015, the ionomy team built the base of the ionomy.com platform and developed the new blockchain based digital currency. ionomy has additionally announced an initial coin offering (ICO) for ION, and seeks to raise approximately $500,000 of additional funding for this round of development and deployment. Enhancements include new game releases for mobile platforms, deployment of the trading and earning system (Stakers), and deployment and support of the core blockchain cryptocurrency, ION. ionomy launched the ICO campaign on April 4, 2016 and has already sold over half of the initial 5 million ION that have been offered at a starting price of $0.20/ION. The price of ION is on a rising scale and increases in increments of $0.01 weekly until the conclusion on May 16, 2016: ***An initial supply of 10.9 million ION has been established with 5 million dedicated to the ICO, the remaining divided between platform and development incentives, and bounties. **ION is built upon the latest proof-of-stake 3.0 technology based on Blackcoins core and innovates by adding masternodes (transaction facilitators) similar to Dash. Launching alongside ION, is ionomy.com. A fully featured investment and trading platform. By leveraging company holdings and pooling user deposited ION into a product named Stakers, the company can offer users higher than local wallet staking returns by effectively creating a large masternode and staking pool. A traditional cryptocurrency wallet or QT wallet will be offered on launch as well in order to allow users who prefer to manage their own wallets the option to do so. Stakers are products similar to Certificate of Deposits, time restricted to 3, 6, 9, and 12 months and pay a fixed rate of return for that period of time. Rates start at 10% and can, for brief periods of time, go beyond 100% through platform incentives. Stakers are impacted by mobile gaming activity how much a user plays and wins, and rewards are directly tied to the rate of return on Stakers on the platform. As an example of the many ways ION can be used on the platform by gamers, players are able to charge their Stakers with game winnings for extra returns. ionomys approach to the distributed consensus model turns traditional cryptocurrency standards upside down. Starting semi-centralized with ionomy.com, mobile games, and social activities, then development tools and crowdfunding, ionomy aims to give the currency a real chance to establish a foothold before being adopted outward. The coin is open source backed by funding from ionomy.com through bounties and incentives; a large portion of ICO funds are set aside just for development of ION itself. The platform and coin will launch at the conclusion of the ICO on May 16. All coins sold in the ICO will be distributed and the blockchain will be live. Shortly after the platform and coin launch, the companys first game Gravity is scheduled to be released on mobile platforms. About ionomy ionomy is a digital entertainment and investment platform built around the ION coin, a digital currency. By integrating ION into mobile gaming and closely tying it to the platform, new users are introduced to cryptocurrency at their own pace. The mobile gaming market is one of the largest growing sectors in the world. A sustainable draw to the ionomy, for both users and holders of ION, are the digital coin rewards usable for real world goods and services. For more information please visit http://ionomy.com/. SHARE Facebook Twitter Previous articleRussian Central Bank: Distributed Ledgers Are Not BlockchainsNext articleCoinbase Now Lets US Users Buy Bitcoin Instantly Bitcoin.comBitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

In this post, I want to introduce you CREDITS- the first blockchain platform (protocol with smart contracts) with its own internal cryptocurrency, CREDITS (CS).Blockchain capable of supporting more than 1 mln transaction per seconds, 1–3 second operations, and low transaction fees.CREDITS platform has its own unique features built on the principles of blockchain technology: public decentralised ledger/storage system, presence of the independent nodes, the consensus model, the internal cryptocurrency CREDITS etc. But platform does not have block system like Bitcoin and Ethereum. Credits developed a very unique architecture of ledger, new concensus protocol, new advanced full smart contracts, saving trasnsactions, transfer transactions and more. It allows the project to achieve a level of performance that is unattainable by other platforms: the speed of transaction is low as 0.1 seconds and the total number of operations ranges within more than 1 million operations per second at a low transaction cost. The platform’s target audience is highly diverse: banks and financial organizations; payment and online services; internet of things (IoT) applications created on the basis of blockchain technologies; smart contracts; and crypto currencies and fiat money, which require high speed (a few seconds) and low cost transactions. The financial industry requires high-speed processing and low transaction costs above all else. These attributes enable shopping, payments, transfers, exchange, and much more.The CREDITS platform is designed to be highly flexible. It can be used to perform most “obvious” blockchain functions (e.g., currency, store of value, etc.), but can also be customized for applications that the team can’t yet imagine. Bellow, I want to show you some techical features of Credits Blockchain:The CREDITS Foundation, which is located in Singapore, was created for the development of the platform. After the completion of development and release of the platform, The CREDITS FOUNDATION will be the sole and official representative of the platform.Credits project is lead by an experienced team, which I have the honor to present you:The first blockchain platform — Bitcoin offered a new form of interactions between participants. The decentralized principle of interaction, where participants make the transfer of value through bypassing the central authority, which previously seemed impossible was actually developed and demanded by users. The Bitcoin network makes only one transaction — transferring internal value from one participant to another. The Ethereum platform is the first and successful attempt to transfer complex interaction processes to the built-in programmable solutions called smart contracts, also acting independently and in a decentralized manner. But the first blockchain platforms had single followers and were mainly used by encryption enthusiasts. They were not initially designed for a significant number of users and are now able to handle several operations per second, which is not enough for mass use in a business with a significant number of users. Virtually all the subsequent blockchain platforms are to some extent the continuation of the classical scheme of Bitcoin structure with minor changes in the principles of consensus or network operation.Currently there are not many platforms that can fully meet the technological demand from users and businesses, and fundamentally solve the problems of the blockchain platforms concerning the speed of transactions, the total network bandwidth, and the cost of transactions. These are three major groups of problems and there is a number of smaller issues. These problems are fully solved by the unique CREDITS technological platform based on a fundamentally new blockchain scheme, principles of transaction processing, finding consensus and of data saving.Now, I want to give you a few reasons why you should choose Credits:1. A really new technological solution to problems2.Aimed at a specific target audience — the financial industry MVP Ready. At the moment, MVP has a minimum of features implemented: -A node — a network node that stores data -System member ID is a public and private key -Transfers– transferring values between network participants -Consensus– implementation of the algorithm for selecting the node responsible for storing data in blockchain -Saving transactions — saving data to blockchain -Wallet — a visual representation of the system operation with a minimum of features at a third-party service at credits.com.Project prototype simultaneous processing of up to 1 million transactions per second3.The average operation time is approximately 3 seconds 4.Very cheap operation cost of about 0.01% 5.Affordable operation cost for micropayments and the Internet of things 6.No existing, working analogs in terms of characteristics (as of summer 2017).Credits pre-ICO sale was a huge success, raising 3,002,165 USD , 4 029,12 ETH. The next step of raising funds is Credits ICO, which will start on January 15th 2018, when you are all invited to join! Also, I present you Credits roadmap, in bellow description:In the next lines I will share a few usefull links to Credits social-media, whitepaper, website, etc.Whitepaper https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdfANN Bitcointalk https://bitcointalk.org/index.php?topic=2401248Facebook https://www.facebook.com/Creditscom-1488549834790421/Linked In https://www.linkedin.com/company/13370238/From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.

In today's DailyBuzz, we report TE-FOOD's achievement in Q2 and Q3 of 2020. Some of the most notable milestones include the launch of TE-FOOD Lite and a partnership with GE Aviation, a Forbes 50 Blockchain Company.

We also cover the release of VeTrust by VeChain and DNV GL. VeTrust is a new blockchain-based risk self-assessment application to tackle infection risk management for hotels in China.

In other news, we have weekly report updates from Polis, SINOVATE, Wagerr, Loki, and Trittium. Meanwhile, ZEN Faucet is now known as ZenHub.

As for our Premium Backers news, the DIVI Crypto Podcast Episode 69 is live! And it features an interview with Fran Strajnar, CEO of Brave New Coin & Techemy Capital. Our Premium Backer, Merge has been listed on >Be among the first to get our updates in our new Telegram and Discord announce channel!

The decentralized identity network the tech giant announced in May has now launched in beta on the Bitcoin blockchain. 8355 Total views 113 Total shares Listen to article 0:00 News Microsoft’s decentralized identity network ION, is moving to beta testing on the Bitcoin network. In a June 10 blog post, Daniel Buchner, a program manager for the Microsoft Identity team, said the open-sourced, layer 2 Identity Overlay Network (ION) had launched. The aim is to provide users with a decentralized identifier (DID) that could replace the need for usernames. Developed in conjunction with the Decentralized Identity Foundation, ION was developed as a to operate independently and doesn’t rely on “special utility tokens, trusted validator nodes, or additional consensus mechanisms”.  “The core promise of DID technology is to empower all individuals and entities with ownership and control over their identities, which aligns well with our mission of empowering every person to work, play, and achieve more,” said Buchner. “To deliver on that promise, we have chosen a different path from some of the more centralized approaches to DID technologies—and we believe ION exemplifies that choice.” Microsoft has not yet set a release date for the final version, but said it would be working on hardening the protocol and improving the ION reference implementation over the coming months.  Cointelegraph that the tech giant had announced its brand new Azure Blockchain Service along with Azure Blockchain Development Kit for the Ethereum blockchain.  It is not the only company seeing the potential of DID technology. ConsenSys is utilizing the blockchain agnostic protocol Ethr-DID for its own DID, in contrast to Microsoft’s SideTree.

Menu Reading About NewsTechnologyMicrosoft builds identity system that runs on BitcoinBy 2 min readJun 11, 2020Jun 11, 2020Microsoft has announced the launch of its open-source decentralized identifiers network on Bitcoin’s blockchain. Image: Shutterstock IT giant Microsoft has the launch of its open-source decentralized identifiers (DIDs) network, dubbed ION, on Bitcoin’s blockchain. The technology allows users to create decentralized digital credentials—such as driver’s licenses or university diplomas—that could be used to identify them online. Alternatively these credentials could be used to log them into websites and apps. Additionally, DIDs’ decentralized nature ensures that people have full control over their data. “We’re thrilled to see ION make the leap to Bitcoin mainnet for its public beta. ION is an open, public, permissionless ‘Layer 2’ network built on open source code that anyone can review, run, and contribute to,” said Daniel Buchner, one of the developers of the Sidetree protocol, on June 10. DIDs are a new type of identifier that enables verifiable, decentralized digital identity. For example, “a DID identifies any subject (e.g., a person, organization, thing, data model, abstract entity, etc.) that the controller of the DID decides that it identifies,” according to published on the World Wide Web Consortium’s website. Buchner added that ION was designed from the start to “operate independently of centralized parties and trusted intermediaries,” including Microsoft. As such, the network doesn’t rely on special utility tokens, trusted validator nodes or additional consensus mechanisms since “Bitcoin’s linear block chronology is the only consensus” ION requires, he continued. “Since the keys for your DIDs never leave your hands, and all ION operations are signed locally on your device, you have the assurance that only you can modify the state of your DIDs, no matter how you choose to interact with the ION network,” he noted. Currently, ION’s users can already create their own DIDs and use OpenID Self-Issued DIDs to authenticate with sites, apps and services that support the. Additionally, companies and other entities could use ION to issue digital verifiable credentials to their users. In the coming months, ION developers plan to grow the network’s community and garner additional feedback and contributions, including new use cases and hackathons. Users can track the project’s progress in and repositories on GitHub. This all leads up the launch of the final version, this fall. -bitcoinTop stories, original features, rewards & more. Get the best of Decrypt where you want it most. Menu About

Photo by Tadas Sar on Unsplash Microsoft, the world’s largest software company, moved its decentralized identity (DID) project to the Bitcoin protocol on June 10, opening the system to worldwide and extensive open-source development. Called ION, the protocol makes decentralized identities, such as email addresses, passwords, and other personally-identifying online names possible. All DIDs are owned and generated by individuals, not entities. Microsoft started work on the system in 2016, featuring the blockchain agnostic Sidetree DID network at the time. As the protocol developed, the concept of a DID working on a Sidetree sidechain was chalked out, and went on to become ION. With regard to ION, the announcement noted it’s “difficult” to create a robustly decentralized and scalable network without resorting to trusted validator nodes, utility tokens, and other mechanisms. In other words, a purely decentralized platform with none of the fluff touted by similar altcoin projects. Moving to Bitcoin as a “different path” from the alternative centralized approaches to DID technology served better for ION in terms of data ownership and transfer, the announcement noted. Microsoft stated on Bitcoin as a choice: The firm added ION is an open, public, permissionless “Layer 2” network built on open source code that “anyone can review, run, and contribute to.” It’s underlying development and framework design is made with decentralization in mind and can operate with centralized overseeing including that of Microsoft. ION is a fully open-source network, meaning there’s no reliance on privileged validators or trusted authorities of any kind. That said, cryptocurrency firms BitPay and Gemini acted as collaborators for ION’s development, operating test nest and mainnet nodes, and providing feedback since last year. Other collaborators are lined up to “harden” ION during the protocol’s remain beta tests. The below graphic illustrates how ION works on the Bitcoin protocol. DID data is first sent to Bitcoin, retrieved and replicated via operation data on the Interplanetary File Storage protocol, and finally, processed in accordance with ION’s deterministic protocol rules. Microsoft said moving to Bitcoin’s mainnet is a “major step,” with upcoming code contributors and node operators working to improve the ION reference implementation. The core promise of DID technology is to empower all individuals and entities with ownership and control over their identities, which aligns well with our mission of empowering every person to work, play, and achieve more. The mainnet is expected to launch in November 2020. For individuals interested in working on the platform directly, a Decentralized Identity Foundation (DIF) has been established to foster collaboration and input, and the ION Github repo is open for contributions. Posted In: Bitcoin, U.S., Adoption Advertise Here or Sign up Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Microsoft’s Bitcoin-based decentralized identity tool, ION, went live with a beta version on mainnet Wednesday as one of many efforts by members of the to fast-track tools anyone can use for COVID-19 crisis response programs.  Microsoft and ConsenSys’s uPort project are both leading DIF members. Separately, Microsoft is also collaborating with the startup Casa to create a user-friendly interface for managing multiple digital identities.  “We’re excited to help ION take full advantage of technology like Bitcoin to vastly improve authentication, security and privacy on the internet,” Casa CEO Nick Neuman said in a press release. “We are thrilled to have Casa collaborating on ION with us, which showcases the potential of building real-world applications that leverage the strong foundation Bitcoin provides,” Microsoft project lead Daniel Buchner said in a statement. First announced , ION is meant to enable user-controlled logins that suit independent companies or services, rather than having system-providers (like Facebook) owning a user’s login credentials. ION can be used for many use cases that aren’t strictly related to health certificates or contact tracing, though the continued spread of coronavirus has influenced its potential usage.  Read more: “Almost every group in the blockchain industry is coming up with use cases,” said employee and DIF leader Rouven Heck, referring to potential partnerships with government agencies.  “There are conversations happening at the moment but it’s not a formal agreement,” Heck said.  “Everybody wants to move fast and has a high interest in demonstrating this technology can be very powerful.” The race is on for companies to work with governments on such high-tech emergency ID measures. There are generally two approaches, and , while some Asian governments them. For example, dozens of blockchain startups joined forces to start creating an “” approved by the World Wide Web Consortium (W3C) Verifiable Credentials standard.  However, some people see both approaches as controversial, even dangerous.  In May, attorney Elizabeth Renieris resigned from her advisory role at the for decentralized ID (DID) creators, including Microsoft, saying she “cannot be part of an organization overly influenced by commercial interests that only pays lip service to human rights.” Read more: ‘Decentralized ID at All Costs’: Adviser Quits ID2020 Over Blockchain Fixation Microsoft would not make executives available for an interview, though the company did provide a statement. “Microsoft is continuing to work on the ION project, which has always included considerations on functionality for a wide range of use cases,” a Microsoft spokesperson told CoinDesk. “While there could be relevant software solutions inspired by new needs and current market demands, Microsoft believes in empowering people and protecting privacy and is committed to growing the open source community and industry standards.”  Microsoft’s open source ION project uses the Bitcoin blockchain for something comparable to a coat-check ticket. Rather than include all the data about the coat (or person), which would be hard to scale, it offers a Bitcoin-ledger reference number to the data’s chronology. The heavy data is actually stored between ION nodes using the InterPlanetary File System (IPFS). Whoever is anchoring the data pays a small fee to bitcoin miners to record the reference number. “The focus is to make things highly interoperable,” Heck said, referring broadly to the urgent work being done on solutions across the space. Part of the reason why organizations involved with DIF are working to make their technologies compatible across use cases and systems is interoperability might, at the very least, make it easier to build privacy features that apply across the spectrum.  “Uport at ConsenSys are also working on projects,” Heck said. “Microsoft’s ION stack or Uport’s stack should be compatible.” Even so, some privacy advocates say the project’s safeguards are lacking. Read more: Former W3C employee Harry Halpin, now CEO of the privacy-tech startup Nym, said some of these efforts are simply repackaging .  “ID2020 is just the latest attempt to violate people’s privacy using feel-good rhetoric. It’s also part of a larger business plan. Microsoft and IBM’s entire bottom line is to build identity systems,” Halpin said. “Governments need to establish identities of who owns these keys, so they say, ‘OK, we’ll have an open standard, call it decentralized, and make it mandatory.’” In the face of such harsh criticism, blockchain advocates are working to identify and minimize the ethical risks of the tools they continue to build.  According to W3C member and nonprofit Blockchain Commons founder n, it’s not clear the contact tracing like are offering will work unless the vast majority of all Americans use them. Since it’s hard to get enough people on board for to work, he worries the most salient result may simply be accelerated data collection.   “Probably the most dangerous type of information, out of all types of personal information, is location data,” Allen said, explaining contact tracing would require privacy tech at multiple layers, from the app level on the phone to the internet infrastructure someone uses.  “It’s incredibly hard to protect,” he said. In reference to an open source emergency app in which does have yet was operated in cooperation with various , Allen said it’s clear “this data is already out there being collected and [location data] correlation is happening.” Zcash Foundation researcher Henry de Valence agreed such systems are not the best use case for distributed ledger technology, or really any software.  “I don’t think people should build those systems and I don’t think they would be effective at preventing the spread of disease,” he said, adding he does not see so-called immunity passports as any better. “There’s no cryptographically strong way to prove immunity one way or another.” Read more: Immunity Passes Explained: Should We Worry About Privacy? Some countries, like , have already implemented some type of blockchain solution for certificates that give people a type of ticket for medical services or free movement outdoors.  However, in these cases, the government generally came up with a policy and found a startup to create the relevant tooling, rather than tech startups coming to policymakers with prospective offerings. One exception, which isn’t widely adopted so far and didn’t use blockchain technology, was pitching to American police. Despite the societal risks, crypto companies are taking NSO Group’s proactive approach.  Allen is slightly more optimistic about decentralized identity tools for self-sovereign medical records.  “This architecture is ripe for solving this particular problem,” Allen said, warning this is only in reference to the digital certificate itself. (Whether the medical tests actually is a different matter entirely.)   As someone who collaborates with both immunity passport teams and companies involved with the DIF, he said they are taking disparate approaches based on their own evaluations of the tradeoffs. He’s not sure which will be better and hopes the market will decide.  “We don’t know what the best answer is and we don’t have a strong rubric for what the best level of decentralization means,” Allen said of the immunity passport coalition. “Parties like DIF, with Microsoft and ConsenSys … [have] a different set of rubrics to decide the answer to their solution.” On the other hand, Zcash’s de Valence remains skeptical. “It’s the duty of technologists to ask what types of systems we’re creating and what kinds of social structures do those things create,” he said.  Although Allen warned no technology offers a panacea, especially with regards to government overreach or recurring outbreaks, he expects some type of new “verifiable credential” technology will probably emerge from this crisis. IdentityMicrosoftBitcoinDecentralized IdentityCoronavirusDisclosureThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Microsoft’s Bitcoin-based decentralized identity tool, ION, went live with a beta version on mainnet Wednesday as one of many efforts by members of the Decentralized Identity Foundation (DIF) to fast-track tools anyone can use for COVID-19 crisis response programs.  Microsoft and ConsenSys’s uPort project are both leading DIF members. Separately, Microsoft is also collaborating with the bitcoin startup Casa to create a user-friendly interface for managing multiple digital identities.  “We’re excited to help ION take full advantage of technology like Bitcoin to vastly improve authentication, security and privacy on the internet,” Casa CEO Nick Neuman said in a press release. “We are thrilled to have Casa collaborating on ION with us, which showcases the potential of building real-world applications that leverage the strong foundation Bitcoin provides,” Microsoft project lead Daniel Buchner said in a statement. First announced last year, ION is meant to enable user-controlled logins that suit independent companies or services, rather than having system-providers (like Facebook) owning a user’s login credentials. ION can be used for many use cases that aren’t strictly related to health certificates or contact tracing, though the continued spread of coronavirus has influenced its potential usage.  Read more: Microsoft Launches Decentralized Identity Tool on Bitcoin Blockchain “Almost every group in the blockchain industry is coming up with use cases,” said ConsenSys employee and DIF leader Rouven Heck, referring to potential partnerships with government agencies.  Related: Microsoft Releases Bitcoin-Based ID Tool as COVID-19 ‘Passports’ Draw Criticism “There are conversations happening at the moment but it’s not a formal agreement,” Heck said.  “Everybody wants to move fast and has a high interest in demonstrating this technology can be very powerful.” The race is on for companies to work with governments on such high-tech emergency ID measures. There are generally two approaches, contact tracing and digitized medical records, while some Asian governments combine them. For example, dozens of blockchain startups joined forces to start creating an “immunity passport” approved by the World Wide Web Consortium (W3C) Verifiable Credentials standard.  However, some people see both approaches as controversial, even dangerous.  In May, attorney Elizabeth Renieris resigned from her advisory role at the ID2020 consortium for decentralized ID (DID) creators, including Microsoft, saying she “cannot be part of an organization overly influenced by commercial interests that only pays lip service to human rights.” Read more: ‘Decentralized ID at All Costs’: Adviser Quits ID2020 Over Blockchain Fixation Microsoft would not make executives available for an interview, though the company did provide a statement. “Microsoft is continuing to work on the ION project, which has always included considerations on functionality for a wide range of use cases,” a Microsoft spokesperson told CoinDesk. “While there could be relevant software solutions inspired by new needs and current market demands, Microsoft believes in empowering people and protecting privacy and is committed to growing the open source community and industry standards.”  Microsoft’s open source ION project uses the Bitcoin blockchain for something comparable to a coat-check ticket. Rather than include all the data about the coat (or person), which would be hard to scale, it offers a Bitcoin-ledger reference number to the data’s chronology. The heavy data is actually stored between ION nodes using the InterPlanetary File System (IPFS). Whoever is anchoring the data pays a small fee to bitcoin miners to record the reference number. “The focus is to make things highly interoperable,” Heck said, referring broadly to the urgent work being done on solutions across the space. Part of the reason why organizations involved with DIF are working to make their technologies compatible across use cases and systems is interoperability might, at the very least, make it easier to build privacy features that apply across the spectrum.  “Uport at ConsenSys are also working on projects,” Heck said. “Microsoft’s ION stack or Uport’s stack should be compatible.” Even so, some privacy advocates say the project’s safeguards are lacking. Read more: Israeli Bitcoiners See Surveillance as Unavoidable During Coronavirus Crisis Former W3C employee Harry Halpin, now CEO of the privacy-tech startup Nym, said some of these efforts are simply repackaging previous work.  “ID2020 is just the latest attempt to violate people’s privacy using feel-good rhetoric. It’s also part of a larger business plan. Microsoft and IBM’s entire bottom line is to build identity systems,” Halpin said. “Governments need to establish identities of who owns these keys, so they say, ‘OK, we’ll have an open standard, call it decentralized, and make it mandatory.’” In the face of such harsh criticism, blockchain advocates are working to identify and minimize the ethical risks of the tools they continue to build.  According to W3C member and nonprofit Blockchain Commons founder Christopher Allen, it’s not clear the contact tracing like Google and Apple are offering will work unless the vast majority of all Americans use them. Since it’s hard to get enough people on board for contact tracing to work, he worries the most salient result may simply be accelerated data collection.   “Probably the most dangerous type of information, out of all types of personal information, is location data,” Allen said, explaining contact tracing would require privacy tech at multiple layers, from the app level on the phone to the internet infrastructure someone uses.  “It’s incredibly hard to protect,” he said. In reference to an open source emergency app in Israel, which does have privacy measures yet was operated in cooperation with various government entities, Allen said it’s clear “this data is already out there being collected and [location data] correlation is happening.” Zcash Foundation researcher Henry de Valence agreed such systems are not the best use case for distributed ledger technology, or really any software.  “I don’t think people should build those systems and I don’t think they would be effective at preventing the spread of disease,” he said, adding he does not see so-called immunity passports as any better. “There’s no cryptographically strong way to prove immunity one way or another.” Read more: Immunity Passes Explained: Should We Worry About Privacy? Some countries, like Honduras, have already implemented some type of blockchain solution for certificates that give people a type of ticket for medical services or free movement outdoors.  However, in these cases, the government generally came up with a policy and found a startup to create the relevant tooling, rather than tech startups coming to policymakers with prospective offerings. One exception, which isn’t widely adopted so far and didn’t use blockchain technology, was NSO Group pitching surveillance technology to American police. Despite the societal risks, crypto companies are taking NSO Group’s proactive approach.  Allen is slightly more optimistic about decentralized identity tools for self-sovereign medical records.  “This architecture is ripe for solving this particular problem,” Allen said, warning this is only in reference to the digital certificate itself. (Whether the medical tests actually prove immunity is a different matter entirely.)   As someone who collaborates with both immunity passport teams and companies involved with the DIF, he said they are taking disparate approaches based on their own evaluations of the tradeoffs. He’s not sure which will be better and hopes the market will decide.  “We don’t know what the best answer is and we don’t have a strong rubric for what the best level of decentralization means,” Allen said of the immunity passport coalition. “Parties like DIF, with Microsoft and ConsenSys … [have] a different set of rubrics to decide the answer to their solution.” On the other hand, Zcash’s de Valence remains skeptical. “It’s the duty of technologists to ask what types of systems we’re creating and what kinds of social structures do those things create,” he said.  Although Allen warned no technology offers a panacea, especially with regards to government overreach or recurring outbreaks, he expects some type of new “verifiable credential” technology will probably emerge from this crisis. ReblogShareTweetShareRelated Quotes SymbolLAST_PRICEChange% ChangeUSD/BTC 0.0001-0.0000-1.05%BTC/USD

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