MicroStrategy Unveils MicroStrategy Orange: A Bitcoin-Based Decentralized Identity Platform

MicroStrategy, the company leading the pack in corporate Bitcoin holdings, has announced a groundbreaking new product: MicroStrategy Orange

Written by: Arslan Butt • Thursday, May 2, 2024 • 1 min read

• Last updated: Thursday, May 2, 2024

MicroStrategy Unveils MicroStrategy Orange: A Bitcoin-Based Decentralized Identity Platform

MicroStrategy, the company leading the pack in corporate Bitcoin (BTC) holdings, has announced a groundbreaking new product: MicroStrategy Orange. This innovative platform aims to revolutionize digital identity management by leveraging the power of the Bitcoin blockchain.

Building Secure Identities on Bitcoin

MicroStrategy Orange is designed to be an enterprise-grade solution, allowing organizations to:

Issue Decentralized IDs (DIDs): These secure digital identities reside on the Bitcoin blockchain, offering enhanced security and control compared to traditional methods.
Deploy Pre-Built Identity Apps: The platform includes a suite of ready-made applications to tackle common identity challenges.
Integrate with Existing Systems: MicroStrategy Orange provides an SDK (Software Development Kit) for seamless integration of identity verification tools into existing user systems.

Addressing Identity Theft with UTXOs

MicroStrategy Orange leverages Bitcoin’s Unspent Transaction Output (UTXO) model to create a robust and secure foundation for DIDs. This approach makes it incredibly difficult for malicious actors to steal or tamper with user data.

Timely Innovation in a Growing Problem

The announcement of MicroStrategy Orange comes amidst a surge in identity theft. According to LendingTree data, identity theft cases have skyrocketed by over 60% in the past four years. MicroStrategy’s solution offers a potential answer to this growing threat.

Beyond Identity: A Commitment to Bitcoin

The launch of MicroStrategy Orange underscores the company’s unwavering commitment to Bitcoin technology. This is further reinforced by their recent financial report, which reveals a significant holding of 214,400 Bitcoins, purchased at an average price of $35,180 each.

MicroStrategy’s Future: Bitcoin and Beyond

While details regarding MicroStrategy Orange’s launch date remain unknown, the platform has the potential to significantly impact the digital identity landscape. Combined with their substantial Bitcoin holdings, MicroStrategy is clearly positioning itself as a leader in the future of secure digital transactions.