SoftBank explores blockchain to improve online authentication

Thursday 28 February 2019 09:58 CET | News

SoftBank, a Japanese telecom company, has been exploring blockchain tech as a way to improve upon current centralized and fragmented ID and authentication services.

The company has teamed up with US-based blockchain startup TBCASoft for the initiative and has created a working group within an existing blockchain consortium of telecom carriers, the Carrier Blockchain Study Group (CBSG).

SoftBank aims to utilize TBCASoft’s application framework, the Cross-Carrier Identification System (CCIS), to enable blockchain-based identification and authentication services. TBCASoft’s CCIS system uses zero-knowledge proof (ZKP) cryptography and distributed ledger technology (DLT) that enables the issuing, storing and authentication of users’ identification in a private and secure way, CoinDesk cited SoftBank.

TBCASoft and SoftBank are also looking to collaborate with other telecom operators under the CBSG consortium for the initiative.

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Keywords: Softbank, Japan, blockchain, digital identity, online authentication, Telecom, fraud prevention
Countries: World