Fujitsu Builds Identity Platform on Blockchain to Evaluate Trustworthiness Pasaric
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July 5, 2019
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Fujitsu Laboratories, a wholly owned subsidiary of Fujitsu Limited, has announced it's developing a blockchain-based digital identification platform to confirm the identity of other parties in transactions without disclosing private data.

Fujitsu Builds Identity Platform on Blockchain to Evaluate Trustworthiness

The company claims it has developed technology based on a Decentralized Identification (DID) utilizing blockchain that analyzes the risk of falsification and the trustworthiness of the other party's personal credentials when a user conducts a transaction online.

The new technology reportedly achieves this with the help of mutual evaluation of the users when a transaction occurs, and by inferring the relationships between users based on past transaction data.

Fujitsu Laboratories highlights the newly developed tech allows users to easily confirm information about which companies and individuals can be trusted in transactions in a variety of digital business situations.

Back in 2018, Fujitsu launched a Blockchain Asset Service, which tokenizes coupons and stamps from shops or tourist sites.

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