Japan-based identification verification specialist Authlete launched model 3.0 of its expertise.
The enhancements streamline the method of issuing and managing digital credentials, particularly interoperable verifiable credentials (VCs).
Authlete made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
Tokyo, Japan-based identification verification specialist Authlete has unveiled the newest model of its expertise which streamlines the method of issuing and managing digital credentials. Authlete 3.0, launched earlier this month, will make it simpler for entities corresponding to monetary establishments, governments, and academic organizations to difficulty interoperable verifiable credentials (VCs) through an easy API.
What are VCs and why are they necessary? VCs are digital credentials whose authorship will be verified cryptographically. They’re tamper-evident, which signifies that they’re designed in order that any alterations or modifications will be readily recognized. This makes VCs safer, extra reliable, extra transportable, and simpler to confirm in comparison with bodily identification paperwork or playing cards. Moreover, VCs give extra energy to the holder who can select particularly which data to share in a given occasion. Use circumstances for VCs embrace government-issued identification paperwork, reusable KYC verifications for banks, and extra.
Authlete’s new 3.0 improve offers organizations with an API that allows them to rapidly difficulty interoperable VCs with assist for OpenID for Verifiable Credential Issuance (OID4VCI). The usual is constructed on OAuth and OpenID Join (OIDC) protocols, widespread worldwide requirements for authorization and identification verification, respectively. It additionally helps quite a lot of credential codecs, corresponding to SD_JWT VC and mdoc/mDL. The expertise’s assist for each of those codecs has been on show through a variety of international pilot initiatives together with EU Digital Id (EUDI) and Japan’s Trusted Internet initiative.
Authlete 3.0 additionally options enhanced FAPI compliance, multi-tenant administration, multi-region server choices, social logins and multi-factor authentication, and granular entry management.
“We’re devoted to empowering organizations to construct safe, user-centric, and interoperable digital identification infrastructures, whereas contributing to the event of a globally interoperable digital identification ecosystem,” Authlete Co-founder Takahiko Kawasaki stated.
Authlete made its Finovate debut at FinovateEurope 2020 in Berlin. Extra just lately, Fanplus chosen the corporate to implement OpenID Join (OIDC) in assist of its fan communication app. Fanplus plans, develops, and operates fan golf equipment and web sites for musicians, and builds and operates e-commerce platforms for artist merchandise. In August, Authlete introduced that sports activities and leisure business digital transformation specialist playground would use its expertise for authentication and authorization infrastructure for its leisure DX cloud platform, MOALA.
Photograph by Clay Banks on Unsplash
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