Post
Topic
Board Development & Technical Discussion
Re: Storing data on the bitcoin blockchain
by
NotFuzzyWarm
on 15/06/2020, 20:53:12 UTC
Quote
For example Microsoft recently announced they are building their new decentralized identity system on top of Bitcoin, meaning they will be putting data on the blockchain. What data? I don't know, maybe it's only hashes, but they are putting data on the blockchain. That's a fact.
Odds are they are not building on the BTC blockchain but rather their own blockchain. Nothing new there - private blockchains are already being used to track farm produce from field to store, cities are using it to track SSL streetlight and surveillance camera installations again, from manufacture right up to where/when/who (contractor used) they are installed onto poles, etc.