Today Fujitsu Laboratories
announced that it has developed a blockchain-based digital identity exchange technology. The project interrogates blockchain transactions and ratings associated with them to provide data on a person’s trust score.
The need is unquestionable. In a digital world, we regularly transact with people who are strangers, as do businesses. There is always some doubt about who the person is. How valid are their ratings? And will they perform their side of the bargain?
Fujitsu is trying to use the data stored in transactions to verify whether any ratings and reviews are valid or not. If there are high ratings but few transactions from the raters, then you will have far less confidence, and the trust score will be lower.
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