Fujitsu launching a blockchain-based identity and credential rating solution

The Japanese research firm Fujitsu has developed a new solution for the purpose of identity and rating users.
It will provide a trustworthiness scores amongst users for each transaction occurs.

Ken Chigbo Independent Analyst

Fujitsu Laboratories, Japanese tech research firm has recently constructed a blockchain-based solution which will be leveraged for; evaluating user credentials, identity and trustworthiness in online transactions, according to an announcement by Fujitsu.

The solution will be providing a trustworthiness across users, taking into consideration their stored on a blockchain. Users will be able to rate each other when a transaction occurs and the technology the performs an evaluation of this data to make a guess about users’ relationships with one another.

Fujitsu details that this solution has advantages over other Decentralized Identification (DID) solutions, which are a type of solutions leveraged for the purpose of identity and credential verification via third parties.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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