Wipro Lab45 to use blockchain technology for digital verification

Wipro Lab45, the innovation lab of the technology services and consulting company, Wipro, on Wednesday, announced the launch of its decentralised identity and credential exchange (DICE) ID, a blockchain enabled platform that enables issuance and verification of tamper-proof, self-verifiable digital credentials.  

According to the company, the new technology puts users in control of their personal data and enables faster, easier and secure sharing of private information online. 

“Current online identification relies on the use of single sign-on services, requiring users to share personal data with multiple third-parties. DICE ID gives the power back to the individual, making it easier and safer than ever to manage sharing of personal data on digital platforms,” said Subha Tatavarti, Chief Technology Officer, Wipro Limited.  

He added that the decentralised identity and verifiable credentials technology will become “a game-changer resulting in a metamorphosis of the identity space”.  

Piloted by select clients since September 2022, it is already being applied in several functions such as credential verification for crowd sourcing purposes.   

Without mentioning names, the company said that edtech organisations, colleges, and crowdsourcing communities use the technology to create a talent exchange ecosystem through portable skill credentials for learners and freelancers. Fintech and financial institutions can handle user's consent and share their data while preserving their privacy and confidentiality. Health-tech startups are using DICE ID to safeguard medical data, enhancing patients' trust on their platform.  

Government-affiliated institutions are using DICE ID to help citizens prove their eligibility for benefits and other social schemes. Metaverse platforms are using DICE ID to create Sybil-resistant communities through pseudonymous identities for avatars.  

All data is encrypted and embedded and only received by the user in their own identity wallet. This digital wallet can be used to share identity or credentials for a wide range of purposes including current or potential employers, healthcare or financial services providers, or educational institutions, the company said in a statement. It also puts users in control of their personal data, enabling them to decide exactly how much and what type of information they want to reveal in digital settings.