Launches Decentralized Id and Credential Alternate (DICE) ID to make digital identification and credential verification quicker, simpler, and safer
DICE ID creates rapid belief between events and giving finish customers management over their private information
Wipro was not too long ago named to the Forbes Blockchain 50 2023 record
NEW YORK & BANGALORE, India, February 22, 2023–(BUSINESS WIRE)–Wipro Lab45, the innovation lab of the main expertise companies and consulting firm, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), at this time introduced the launch of its Decentralized Identity and Credential Exchange (DICE) ID, which places customers in charge of their private information and allows quicker, simpler and safe sharing of personal data on-line.
Powered by blockchain expertise, DICE ID allows issuance and verification of tamper-proof, self-verifiable digital credentials. DICE ID shops verified private data from licensed issuers in an identification pockets owned by the person. (See video)
All information is encrypted and embedded and solely acquired by the person in their very own identification pockets. This digital pockets can be utilized to share identification or credentials for a variety of functions—together with present or potential employers, healthcare or monetary companies suppliers, or instructional establishments. DICE ID places customers in charge of their private information, enabling them to determine precisely how a lot and what sort of data they wish to reveal in digital settings.
“DICE ID leverages the core tenets of blockchain expertise to rework the way in which customers handle their on-line identities,” stated Subha Tatavarti, Chief Know-how Officer, Wipro Restricted. “Present on-line identification depends on using single sign-on companies, requiring customers to share private information with a number of third-parties. DICE ID offers the facility again to the person, making it simpler and safer than ever to handle sharing of private information on digital platforms. We imagine decentralized identification and verifiable credentials expertise will turn into a game-changer leading to a metamorphosis of the identification house. And we’re thrilled to be on the forefront of this progressive expertise.”
DICE ID leverages W3C (World Wide Web Consortium) verifiable credential open information mannequin, which makes credentials machine-readable and interoperable and permits for safe trade between ecosystem gamers.
Piloted by choose shoppers since September 2022, DICE ID is already being utilized in some ways, significantly proving highly effective in credential verification for expertise/crowd sourcing functions.
Among the many use instances for DICE ID are:
Ed-tech organizations, schools, and crowdsourcing communities are utilizing DICE ID to create a expertise trade ecosystem by means of moveable ability credentials for learners and freelancers.
Fintech and monetary establishments are utilizing DICE ID to deal with person’s consent and share their information whereas preserving their privateness and confidentiality.
Well being-tech startups are utilizing DICE ID to safeguard medical information, enhancing sufferers’ belief on their platform.
Authorities-affiliated establishments are utilizing DICE ID to assist residents show their eligibility for advantages and different social schemes.
Metaverse platforms are utilizing DICE ID to create Sybil-resistant communities by means of pseudonymous identities for avatars.
To be taught extra about Lab45, please go to www.wipro.com/lab45; for DICE ID, https://www.diceid.com/
About Wipro Restricted
Wipro Restricted (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a number one expertise companies and consulting firm centered on constructing progressive options that handle shoppers’ most advanced digital transformation wants. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we assist shoppers notice their boldest ambitions and construct future-ready, sustainable companies. With over 250,000 workers and enterprise companions throughout 66 international locations, we ship on the promise of serving to our prospects, colleagues, and communities thrive in an ever-changing world. For extra data, go to us at www.wipro.com.
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