Wipro Lab45, the innovation lab of leading technology consulting and services company, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), today announced the launch of its Decentralized Identity and Credentials Exchange (DICE) ID Identity and Credential Exchange), which gives users control over their personal data and enables faster, easier and more secure sharing of private information online.
Powered by blockchain technology, the DICE ID enables the issuance and verification of tamper-proof, self-verifying digital credentials. The DICE ID stores verified personal information from certified issuers in a user-owned identity card. (See the video)
All data is encrypted, embedded and received only by the user in his own identity card. This digital wallet can be used to share identity or credentials for a wide variety of purposes, including current and existing employers, healthcare and financial service providers, or educational institutions. The DICE ID puts users in a position to control their personal data, allowing them to decide exactly how much and what type of information they want to disclose in digital settings.
“ID DICE leverages the foundational principles of blockchain technology to transform the way consumers manage their identities online,” he says. Subha Tatavartichief technology officer of Wipro Limited. “Current online identification relies on the use of single sign-on services, requiring users to share personal data with various third parties. The DICE ID puts power back in the individual, making it easier and safer than ever to manage the sharing of personal data across digital platforms. We believe the technology for decentralized identity and verifiable credentials will be a game changer, resulting in a metamorphosis of the identity space. And we are excited to be at the forefront of this innovative technology.”
The DICE ID leverages the W3C’s (World Wide Web Consortium) verifiable credentials open data model, which makes credentials machine-readable and interoperable, and enables secure exchange between ecosystem participants.
Tested by selected clients since September 2022, the DICE ID is already being applied in a variety of ways, particularly proving powerful in credential verification for talent recruitment/crowdsourcing purposes.
Use cases for the DICE ID include:
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Educational technology organizations, colleges and crowdsourcing communities are using ID DICE to create a talent exchange ecosystem through portable skills credentials for learners and freelancers.
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Fintechs and financial institutions are using the DICE ID to handle user consent and share their data while preserving their privacy and confidentiality.
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Health tech startups are using the DICE ID to protect medical data, enhancing patients’ trust in their platform.
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Government-affiliated institutions are using the DICE ID to help citizens prove their eligibility for benefits and other social programs.
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Metaverse platforms are using the DICE ID to create Sybil-resistant communities through pseudonymous avatar identities.
To learn more regarding Lab45, visit www.wipro.com/lab45
Sobre a Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on creating innovative solutions that satisfy clients’ most complex digital transformation needs. Leveraging our holistic portfolio of consulting, design, engineering and operations capabilities, we help clients achieve their wildest ambitions and build sustainable, future-ready businesses. With more than 250,000 employees and business partnerships in 66 countries, we deliver on our promise to help our customers, colleagues and communities thrive in an ever-changing world. For more information, visit www.wipro.com.
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Contact:
Sanuber Grohe
Wipro Limited
[email protected]
Source: BUSINESS WIRE
