Microsoft has announced that it will build a new decentralized identity service, called Identity Overlay Network (ION), on top of the Bitcoin blockchain. The development is in collaboration with the Decentralized Identity Foundation and is based on a set of open standards. The announcement reads, We believe every person needs a decentralized, digital identity they own and control, backed by self-owned identifiers that enable secure, privacy preserving interactions. This self-owned identity must seamlessly integrate into their lives and put them at the center of everything they do in the digital world As for ION ... (full story)