Fujitsu: Introducing blockchain-based identity authentication services to enhance the credibility of online trading parties

According to a statement issued by Fujitsu on July 4th, Fujitsu Laboratories, a Japanese technology research company, developed a blockchain-based evaluation of user credentials, identity and credibility in online transactions. Degree solution.


Image source: fujitsu official website

According to reports, the solution will rank users stored in the blockchain and give each user a “trustworthiness score”. When a transaction occurs, users rate each other, and the technology evaluates the data to guess the relationship between users.

According to the announcement, other users can see how high the trust scores of others before they agree to the transaction.

Fujitsu claims that the solution has advantages over other decentralized authentication (DID) solutions, which are a type of solution for authentication and credential verification through third parties.

According to reports, in some similar solutions, users can collude with bad behavior third parties to falsify their records. Fujitsu claims that their solution avoids such conspiracy by using a graphical-based approach to understanding user relationships.

It is said that Fujitsu's system does not rely solely on the original indicators, but eliminates the conspiracy by viewing the user's trading relationship diagram, which states in the announcement:

“Even if users collude with third parties and improperly improve their ratings, this relationship chart reveals information such as weaknesses in their relationship with other users, making it possible for the system to identify false statements.”

Fujitsu said in their announcement that one of its goals is to integrate this new solution into its blockchain-based Fujitsu Intelligent Data Service Virtuora DX data distribution and utilization service sometime in FY 2019.

As Cointelegraph previously reported, both Fujitsu and technology giant Sony confirmed that they will cooperate in launching a blockchain-based pilot project in February. The project aims to make the school's records and achievements more credible by using blockchain technology.

According to reports, the pilot project will use Fujitsu's educational platform, Fisdom, as a means of assessing the ability of foreign students. When they apply to go to a Japanese language school, the system will compare their certificates:

“The course platform will collect data such as test scores, Japanese conversational ability and study time, and store it as a certificate on the blockchain. Compare the certificate data on the blockchain with the education certificate submitted by future students. Human Academy will be able to accurately grasp the individual's language ability based on this highly reliable data."