HQ Team
February 22, 2023: India’s WiproLab45 unveiled its Decentralized Identity and Credential Exchange (DICE) ID to put the user in control of their medical data, approval to share customer details, and enable citizens to claim government benefits.
The device enables faster, easier and more secure sharing of private information online, according to a BSE filing.
Powered by blockchain technology, DICE ID enables the issuance and verification of tamper-proof, self-verifiable digital credentials.
DICE ID stores verified personal information from certified issuers in an identity wallet owned by the user. All data is encrypted and embedded and only received by the user in their identity wallet.
The digital wallet can be used to share identity or credentials for various purposes— including current or potential employers, healthcare or financial services providers, or educational institutions.
Blockchain technology
DICE ID lets users control their personal data, enabling them to decide precisely how much and what type of information they want to reveal in digital settings.
“DICE ID leverages the core tenets of blockchain technology to transform how consumers manage their online identities,” said Subha Tatavarti, Chief Technology Officer, Wipro Limited.
“Current online identification relies on 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 to share personal data on digital platforms. “
Wipro forecasted that decentralized identity and verifiable credentials technology would become a game-changer resulting in a metamorphosis of the identity space.
Wipro Lab45 is the innovation lab of the Indian technology services and consulting company, Wipro Limited.
Secure exchange
DICE ID leverages W3C (World Wide Web Consortium) verifiable credential open data model, which makes credentials machine-readable and interoperable and allows for the secure exchange between ecosystem players.
Piloted by select clients since September 2022, DICE ID is already applied in many ways, particularly in credential verification for talent and crowdsourcing purposes.
Educational technology, colleges, and crowdsourcing communities use it to create a talent exchange ecosystem through portable skill credentials for learners and freelancers.
Fintech and financial institutions use DICE ID to handle users’ consent and share their data while preserving privacy and confidentiality.
Health-tech startups use the platform to safeguard medical data, enhancing patients’ trust.
Government-affiliated institutions are using it to help citizens prove their eligibility for benefits. Other social schemes and metaverse platforms are using it to create Sybil-resistant communities through pseudonymous identities for avatars.
