News reaching our desk says that Wipro, a global system integrator and solution provider, has launched a new blockchain-based platform called the Decentralized Identity and Credential Exchange (DICE ID). The platform utilizes blockchain technology to securely and efficiently allow users to share personal data online.
Varun Dube: DICE ID General Manager, in an interview said that the new platform enables businesses to offer tamper-proof digital credentials without manual procedures. According to the account given on the functionality, a company would normally need to contact the university in question to confirm a claim made by a job applicant that they had a master’s degree in engineering.
However, DICE ID eliminates the need for manual verification by offering a tamper-proof digital credential that is simple to verify. Dube, while explaining how this works also revealed that healthcare companies are already using the new platform to verify patient’s data, same goes with academic institutions, it is used to verify credentials, and businesses looking to prove freelancers.
With DICE ID, these organizations can manage and verify digital credentials securely and efficiently without costly and time-consuming manual processes. From investigations gathered, Wipro has continued to innovate and use ultra-modern technology, like blockchain, to provide cutting-edge solutions for its clients.
The Future of the Wipro
With DICE ID, Wipro hopes to revolutionize how businesses handle and validate digital credentials, laying the groundwork for a safer and more productive digital future. Blockchain experts contacted for more details on this said that the new platform is anticipated to substantially influence several industries, including those that require digital credentials for compliance and regulatory requirements, such as healthcare, education, and freelance employment.
It is also said that organizations may lower the risk of fraud and guarantee the security, validity, and authenticity of digital credentials using DICE ID. They also added that DICE ID’s introduction marks a significant step for Wipro and the blockchain sector as a whole.
They also added that platforms like DICE ID are positioned to play a significant role in determining the future of digital identity management as more enterprises seek to use blockchain technology to manage and verify digital credentials.
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