Fujitsu Laboratories Ltd. has developed a digital identity exchange technology that makes it possible for individual users and service businesses involved in online transactions to confirm the identity of other parties.
The technology is 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 technology achieves this through a mutual evaluation of the users when a transaction occurs, and by inferring the relationships between users based on past transaction data.
Fujitsu's new technology promises a future in which people can enjoy online services more safely, offering user-friendly features including graphics to visualize the relationships between users, as well as a unique "trust score" that make it easier to determine each user's trustworthiness before starting a transaction.
Fujitsu will continue to develop a digital identity exchange technology as a trust-based service platform supporting digital business, conducting trials in a variety of fields, beginning with the finance industry. In addition, Fujitsu aims to implement this technology during fiscal 2019 as a new functionality in its Fujitsu Intelligent Data Service Virtuora DX Data Distribution and Utilization Service, a cloud-based solution for data utilization powered by blockchain technology.