Japan-based identification verification specialist Authlete launched model 3.0 of its know-how.
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 most recent model of its know-how which streamlines the method of issuing and managing digital credentials. Authlete 3.0, launched earlier this month, will make it simpler for entities similar 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 could be verified cryptographically. They’re tamper-evident, which implies that they’re designed in order that any alterations or modifications could be readily recognized. This makes VCs safer, extra reliable, extra moveable, 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 info to share in a given occasion. Use circumstances for VCs embody government-issued identification paperwork, reusable KYC verifications for banks, and extra.
Authlete’s new 3.0 improve supplies organizations with an API that permits 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, in style worldwide requirements for authorization and identification verification, respectively. It additionally helps a wide range of credential codecs, similar to SD_JWT VC and mdoc/mDL. The know-how’s assist for each of those codecs has been on show through quite a lot of world pilot tasks together with EU Digital Id (EUDI) and Japan’s Trusted Net 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 not too long ago, 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 trade digital transformation specialist playground would use its know-how for authentication and authorization infrastructure for its leisure DX cloud platform, MOALA.
Picture by Clay Banks on Unsplash
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