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JCB, Mizuho Bank and Fujitsu to Test Blockchain-Based Identity Exchange Technology for Securing Transactions

– NFCW

Major corporations trial blockchain-based ID verification

This news piece from NFC World reports that Fujitsu, JCB, and Mizuho Bank will be working together to trial a new identity verification system, which allows participants to digitally link their identities to other businesses.

"[The system] enables secure transactions involving sensitive user ID information between companies and industries."

The system, which is self-sovereign and decentralized, aims to improve management and reliability of data by improving interoperability.

One hundred employees of Japanese tech giant Fujitsu are taking part in a four-month trial of a blockchain-based interoperable identity verification system

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