MicroStrategy has announced "MicroStrategy Orange," a decentralized identity solution built on Bitcoin, at its annual conference. The technology is described as an "enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs)" across organizations. A core service will be "Orange for Outlook," providing an orange check for emails to verify their authenticity. The digital identities will be anchored into the Bitcoin blockchain using public-private key cryptography.

However, the proposal has faced criticism. Some argue that it needlessly bloats Bitcoin and uses it as a personal and corporate data store. Despite this, supporters believe the announcement provides legitimacy to the protocol, which has been used for minting speculative NFTs and meme tokens. Despite the skepticism, the innovative use of blockchain technology for identity verification shows the growing potential and adaptability of the technology.