Fujitsu Laboratories announced on the 4th this month a technology ” IDYX ( IDentitY eXchange ) ” that can check the accuracy of trading partners’ creditworthiness and personal information online.
In recent years, the company has identified the issue of determining the user’s reliability and information spoofing in mainstream sharing services and matching services, etc., and has developed a service that can confirm the reliability of trading partners in advance using blockchain technology. It is explained that.
IDYX creates a database by storing user-to-user evaluation data generated for each transaction as transaction data in a non- tamperable block chain.
The collected data is then converted into a graph structure to be an indicator of creditworthiness. Confidence scores are based on items such as how many users are rated and how highly trusted users are rated.
Even if evaluations have been obtained fraudulently with multiple accounts etc., it can be determined as fraud by checking the relationship with other users, and a reliable database can be constructed.
The information provided to users is considered to be a part of necessary personal information to prevent the risk of information leakage.
By introducing IDYX , which visualizes the credibility of trading partners, Fujitsu Laboratories believes that individuals and companies can safely proceed with online transactions that are rapidly developing in recent years.
Article Source : Fujitsu Laboratories
Author: kaz 【Coin Desk News】 – Source Post: http://festyy.com/w2ckVf
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and informational purposes only. We are not an investment advisor and do not provide financial advice.
Please check the articles which have not been reviewed and verified all articles posted on CoinNewsDesk.com. Please independently research and verify any information found here before relying on facts. It is also important to do proper due diligence and analysis, including involving disciplines No content on Coin News Desk makes up a recommendation to enter in any type of investment or any investment in any investment strategy presented on this website. before making any decision regarding investments or your personal finances.