Microsoft steps up its blockchain business, as it seeks to build an open blockchain-based identity system with Blockstack and ConsenSys. One of the trends I’m watching accelerates as the term “smart contracts” gets a workover by lawyer and blockchain consultant Josh Stark. And a set of tools “to issue, display, and verify digital credentials using the bitcoin blockchain and the Mozilla Open Badges specification” is released by the MIT Media Lab, along with lessons learned in the project.