Wipro unveils Decentralized Identity and Credential Exchange

23 Feb 2023 , 10:02 AM

Wipro Limited’s innovation lab, Wipro Lab45, has unveiled its latest creation, the Decentralized Identity and Credential Exchange (DICE) ID. This cutting-edge solution empowers users to manage their personal data and simplifies the secure and speedy sharing of personal information online.

DICE ID, which is powered by blockchain technology, enables the issuance and verification of tamper-proof, self-verifiable digital credentials. DICE ID securely stores authorized personal information issued by verified issuers directly into the user’s identity wallet.

All data is encrypted and embedded, and the user only receives it in their own identity wallet. This digital wallet can be used to share identity or credentials with current or potential employers, healthcare or financial services providers, or educational institutions, among others.

DICE ID gives users control over their personal data, allowing them to choose how much and what type of information to reveal in digital settings.

DICE ID makes use of the W3C (World Wide Web Consortium) verifiable credential open data model, which makes credentials machine-readable and interoperable and enables secure exchange between ecosystem participants.

DICE ID, which has been piloted by select clients since September 2022, is already being used in a variety of ways, most notably in credential verification for talent/crowd-sourcing purposes.

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