Wipro’s newest secure digital identity solution taps into the blockchain

Wipro Lab45, the innovation lab of expertise providers and consulting agency Wipro Ltd., at the moment introduced the launch of its newly minted Decentralized Identity and Credential Exchange service that faucets blockchain expertise to supply customers full management of their non-public info.

The brand new service, often called DICE ID, permits credentials to be issued and verified utilizing tamper-proof, self-verified digital certificates. The platform shops private info from certificates issuers in an “identification pockets” that’s managed by customers and all information is encrypted to allow them to make sure their privateness is preserved.

“Present on-line identification depends on using single sign-on providers, requiring customers to share private information with a number of third events,” mentioned Subha Tatavarti, chief expertise officer at Wipro. “DICE ID offers the facility again to the person, making it simpler and safer than ever to handle sharing of non-public information on digital platforms.”

Blockchain expertise works by distributing a number of copies of a single ledger throughout quite a few nodes to unfold cryptographically secured transactions throughout a number of copies. That creates a tamper-proof historic report of every transaction that occurred on the blockchain community.

By combining blockchain expertise with an encrypted pockets that secures non-public private person info, DICE permits customers to resolve what kind of data they need to reveal of their digital settings. They will additionally minimize off that info anytime they need.

Wipro piloted the answer for choose shoppers in September and it’s already being utilized in numerous totally different use circumstances, together with in schooling, monetary expertise, healthcare, authorities and metaverse purposes.

Faculties and crowdsourcing communities have used it to create expertise exchanges by way of transportable talent credentials for each college students and freelancers. Monetary establishments have used DICE to deal with person consent to share information for compliance and regulation whereas preserving privateness and confidentiality on their platforms. Metaverse platforms have been utilizing the platform with a view to create communities by way of pseudonymous identities and avatars.

All of that is made potential as a result of DICE is constructed to be compliant with the World Broad Internet Consortium’s verifiable open information mannequin, which is designed to make credentials machine-readable and interoperable. Consequently, companies, communities and protocols can securely alternate DICE credentials so long as they maintain to the usual.

Decentralized identification administration utilizing blockchain expertise has been explored for years by numerous corporations, equivalent to Microsoft, which introduced plans for its answer in 2018. Different options embody Jolocom’s identity solution, which is compliant with the European Union Normal Knowledge Safety Regulation; ShoCard, which was acquired by Ping Identity; and Dragon Factor, a derivative from the Walt Disney Co.-incubated blockchain Dragonchain Inc.

“We consider decentralized identification and verifiable credentials expertise will turn out to be a game-changer leading to a metamorphosis of the identification house,” mentioned Tatavarti.

Picture: Wipro