Vertical Computer Systems Inc (fka VCSY)

[doc2016]

https://finance.yahoo.com/news/microsoft-launches-decentralized-identity-platform-223201801.html
Why It Matters: The ION Decentralized Identifier (DID) will utilize the Bitcoin blockchain to authenticate online IDs.

Essentially, ION will use the same logic as Bitcoin’s transaction layers to validate a user’s identity. According to ION, all the IDs will be tied to Bitcoin’s blockchain using the InterPlanetary File System (IPFS) protocol, and nodes will be able to process 10,000 ID requests in a single transaction.

Logging into a variety of online platforms, including social media, or even buying tickets online, could be made simpler by the verification provided by a users’ DID.

Users can also use a DID as digital proof to represent any verifiable assertion, ranging from diplomas to membership cards.

However, unlike traditional usernames and email addresses, DIDs will be owned and controlled by the users themselves, existing independently of an external organization or third party.

“For us, Bitcoin was a necessary condition for success,” said Buchner to Bitcoin Magazine, adding, “When we started crunching the numbers, we realized that Bitcoin was the only chain that would probably be too costly to attack.”