DNP's decentralized identity management platform provides a one-stop solution for all your decentralized ID business needs, from building the foundational system for issuing and verifying digital certificates (known as Verifiable Credentials: VCs) to offering digital identity wallet applications.

What is the DNP's decentralized identity management platform?(2:06)

• What is decentralized ID?
• Our product overview
• Use cases for decentralized ID

Decentralized ID is a system that allows individuals to control information about their identity and securely share it with others as needed by utilizing digital credentials (Verifiable Credentials_※1) and a digital identity wallet that manages these.

In recent years, growing momentum in cross-border exchanges and rapid technological developments such as generative AI have led to situations where our personal information and data on our lifestyles are concentrated and managed by a handful of specific companies, leading to the rise of social concerns about privacy risks such as data falsification, identity theft, and data leaks, therefore requiring safe and secure data distribution.
To handle these issues arising from the current state of data management, research and proof of concept testing is accelerating primarily in Europe and North America to create decentralized IDs.

※1　Verifiable Credentials (VCs): A verifiable digital credential and data model proposed by The Internet Engineering Task Force (IETF), an international technology standards organization.

The implementation of decentralized ID is divided into issuers and verifiers, each with its own set of benefits. Companies can choose to act as issuers, verifiers, or both, depending on their needs.

Companies that want to issue digital credentials online:
・To reduce labor and infrastructure costs associated with credential issuance
・To decrease human errors related to credential issuance
・To automate credential issuance online to enhance customer experience
・To receive incentives each time VCs issued by the company are verified

Companies that want to verify digital credentials issued by others online:
・To reduce labor and infrastructure costs associated with credential verification
・To decrease human errors related to credential verification
・To mitigate risks associated with accepting fraudulent or tampered personal information
・To avoid receiving unnecessary personal information for service provision
・To fasten verification processes, improving customer experience

Individuals who utilize VCs:
・To simplify procedures
・To reduce risk of losing original identification documents
・To lower risk of identity theft

While decentralized ID offers numerous benefits to both individuals and companies, it is a complex concept that requires advanced authentication and security technologies. Therefore, choosing the right partner is crucial when integrating decentralized ID into your business.
We provide all the necessary functions for decentralized ID business in a one-stop solution, including digital identity wallet applications and the foundational systems for issuing and verifying VCs. This allows you to quickly embark on your decentralized ID business.

1．Compliance with international standards and integration with domestic and international services
Our platform complies with the technical standards being discussed in the EU, which enables the use of VCs both domestically and internationally. Additionally, we are committed to international collaboration, sharing global trends and information.

2．Support for business launch through both technology and framework establishment
We are currently working with major Japanese companies on proof-of-concepts, including use case studies. In these projects, we support the definition of requirements for issuing and verifying VCs, as well as the establishment of frameworks for organizational operations, allowing us to provide extensive knowledge for implementation.

3．Proven track record in authentication and security
DNP has a long history of handling personal information and has extensive experience in solving challenges in the field of authentication and security, as well as world-class technology and market share in IC cards.

By converting information data, which has been rigorously verified by banks, into VCs, it is expected to reduce the time and effort for individuals when accessing their bank services and prevent unauthorized access. Additionally, this technology can simplify procedures that require personal information verification, not only for financial services such as insurance, securities, and loan applications but also for services such as hotels and car rentals.

By creating travel VCs based on passport data, travelers can smoothly prove their nationality and purpose of travel using the digital wallet on their mobile devices. Additionally, combining this with biometric information can simplify services such as immigration checks, hotel check-ins at travel destinations, and car rental applications.

By converting degrees into VCs, universities and companies can automate the entire flow of degree issuance and verification online. Companies can also convert educational records and work experience into VCs for their employees, which help understand their skills and reducing the risk of unqualified employees taking on specialized tasks.

VCs can be issued not only to people but also to objects. For example, issuing VCs to cars can enable automatic verification of records such as inspection, accident, and repair, while preventing data tampering.

1．Consultation and assessment
Let us hear your challenges and requirements in personal information management to determine if they can be addressed through the issuance and verification of decentralized ID.

2．Use case proposal
We will propose specific use cases for utilizing decentralized IDs, along with the implementation costs and schedule.

3．System development
We will develop the system necessary to realize the proposed use cases in a one-stop solution. For companies seeking a deeper understanding of decentralized ID, we offer the Indicio Academy educational program.