Wipro Lab45 harnesses the power of blockchain technology to change the paradigm in digital identification and verification

Launches Decentralized Identity and Credential Exchange (DICE) ID to make digital identification and credential verification faster, easier and more secure

DICE ID creates instant trust between parties and gives end users control over their personal data

Wipro was recently named Forbes Blockchain 50 2023 list

NEW YORK & BANGALORE, India, 22 February 2023–(BUSINESS WIRE)–Wipro Lab45, the innovation lab of leading technology services and consulting company, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), today announced the launch of its Decentralized Identity and Credential Exchange (DICE) ID, which gives users control over their personal data and enables faster, easier and more secure sharing of private information online.

Powered by blockchain technology, DICE ID enables the issuance and verification of tamper-proof, self-verifying digital credentials. DICE ID stores verified personal information from certified issuers in an identity wallet owned by the user. (See video)

All data is encrypted and embedded and is only received by the user in their own identity wallet. This digital wallet can be used to share identity or credentials for a wide range of purposes – including current or potential employers, healthcare or financial services providers, or educational institutions. DICE ID gives users control over their personal data, allowing them to decide exactly how much and what type of information they want to disclose in digital settings.

“DICE ID leverages the core principles of blockchain technology to transform the way consumers manage their online identities,” said Subha TatavartiChief Technology Officer, Wipro Limited. “Current online identification relies on the use of single sign-on services, which require 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 the sharing of personal data on digital platforms. We believe decentralized identity and verifiable credential technology will be a game changer resulting in a metamorphosis of the identity space. And we are excited to be at the forefront of this innovative technology.”

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

DICE ID has been piloted by select customers since September 2022 and has already been used in many ways, particularly proving to be powerful in credential verification for talent/crowdsourcing purposes.

Among the use cases for DICE ID are:

• Ed-tech organizations, colleges and crowdsourcing communities use DICE ID to create a talent exchange ecosystem through portable skills credentials for learners and freelancers.

• Fintech and financial institutions use DICE ID to manage user consent and share their data while preserving their privacy and confidentiality.

• Health tech startups use DICE ID to protect medical data, increasing patient trust in their platform.

• Government-affiliated institutions use the DICE ID to help citizens prove their eligibility for benefits and other social schemes.

• Metaverse platforms use DICE ID to create Sybil-resistant communities through pseudonymous identities for avatars.

To learn more about Lab45, visit www.wipro.com/lab45; for DICE ID, https://www.diceid.com/

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address its customers’ most complex digital transformation needs. By utilizing our comprehensive portfolio of capacities in consulting, design, engineering and operations, we help customers realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners in 66 countries, we deliver on our promise to help our customers, colleagues and communities thrive in an ever-changing world. For further information, visit us at www.wipro.com.

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Contacts

Sanuber Grohe
Wipro Limited
[email protected]