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Fujitsu to launch block chain-based System for identities

The Japanese technology company Fujitsu has introduced a new System for the digital Verification of identities. The technology is designed to ensure trust in di

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Fujitsu to launch block chain-based System for identities

The Japanese technology company Fujitsu has introduced a new System for the digital Verification of identities. The technology is designed to ensure trust in digital transactions. As is so often the Blockchain also promises advantages compared to other solutions.

By Anton Livshits
5. July 2019BTC$11.222,00 -5.17%part Facebook Twitter LinkedIn xing mail

Fujitsu is built on the Blockchain. Trust is a core requirement for most types of transactions. Particularly in digital contexts, is able to make its warranty, however, is difficult.

Finally, the anonymity of the Internet opens up the potential scammers door and gate. The Japanese technology giant Fujitsu has now launched a possible solution for this problem. On 4. July, the group presented its System for the Verification of digital identities. It is no surprise that The company is relying on the Blockchain technology. The technology was developed by Fujitsu Laboratories, the in-house research and development division of a large Corporation.

The proposed System enables transaction partners to confirm the identities of each other. It will be both for individuals as well as companies available. Fujitsu promises a few improvements compared to conventional solutions. At the heart of the efforts is a "Trust Score" assigned to each user. In addition, the relations between the transaction partners, can be graphically visualized.

Fujitsu wants to) conventional identification to solve problems

To establish trust, also uses Fujitsu the principle of decentralized identification (DID. Such systems rely on impartial third parties, to confirm the identities of the transaction partners. Of course, such approaches are not free from weaknesses. Accordingly, it is conceivable that a transaction has partners with the third parties agreed. Also, the increase of users, the risk of a miscalculation increases. According to Fujitsu, a System is therefore needed, in which the trust check of the users can be made.

Fujitsu's technology offers several options. The System does not check the individual participant in the current interaction. Rather, data are included from previous transactions. These are stored on an immutable Blockchain. They include such as votes, which are then the Trust Score is based. Users also have the option to display the relationships between the other users to view. If there is collusion between users can be on the basis of the weakness of the other relations are obvious made.

Fujitsu has promised an Integration of the identity technology in the company's own Fujitsu Intelligent Data Service Virtuora DX Data Distribution and Utilization Service. The connection to the Cloud Service should be made in this tax year.

Fujitsu: otherwise blockchainaffin

in fact, Fujitsu shows for quite some time already interested in the Blockchain. In the past year, the group in Belgium, opened a Blockchain innovation centre. Here are various applications will be explored possibilities. The focus is on the potential of the Distributed Ledger for the control and monitoring of Smart Cities is.

furthermore, the technology manufacturer cooperates with the IOTA Foundation. Rolf Werner, the European Management of the group, was a member. He attested to the IOTA Tangle is a Wealth of potential Use Cases.

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