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DNP Dai Nippon Printing Co., Ltd. and MUFG Aiming to Commercialize Digital IDs: Successfully conducted connection tests with Australian firms [English translation of Japanese announcement] Tokyo, June 3, 2024, Dai Nippon Printing Co., Ltd. (DNP) and MUFG Bank, Ltd. (MUFG Bank) are partnering to develop systems to enable the use of Verifiable Credentials and digital certificates. The partners conducted a connection verification test with an Australian financial institution and a systems development company in May 2024 that utilized Digital ID managed information related to individual identities. The verification test took into account the technical specifications under consideration by the European Commission (EC) for the European Digital Identity Wallet (EUDIW), an area where the EC is taking the lead in formulating technical specifications to realize highly reliable data distribution globally. And by leveraging the data formats and communication protocol established by the OpenID Foundation2 the partners were able to confirm that it is possible to interconnect Japan and Australia, which maintain data in different formats. The partners have recently launched the Japan-Australia Cross-Border Interoperability Working Group. Other participating companies and organizations include, Australian Payments Plus, which provide the ID platform ConnectID that realizes secure and easy data distribution, NAB and Commonwealth Bank which provide ID data for ConnectID along with Meeco.me Australia’s leading provider of decentralized identity technology. Verification Tests, Other Initiatives In recent years, there has been an increase in travel and movement of people between Japan and Australia for reasons such as tourism and overseas study. At the same time, digitalization is accelerating in Australia, and damage such as unauthorized use of personal information, identity theft, and information leakage is on the rise. Consequently, there is a growing need to establish a highly secure and reliable distribution infrastructure for personal information. Going forward, based on the results of the technical verification tests, the partners will conduct demonstration tests targeting a variety of use cases looking to improve consumer convenience in Japan and Australia. Such improvements may include the streamlining of bank account opening procedures for migrants and tourist ticket purchases. Results of the verification tests will be made public at the KuppingerCole Analysts AG European Identity and Cloud Conference #EIC2024, the EU's largest identity-related event, which will be held in Berlin, Germany from June 4-7th, 2024. Rintaro Okamoto Takuya Omura Andrew Black Dima Postnikov 🆔 💯 Olaf G. Brad Carr Linden Dawson Jonathan Dart Katryna Dow Jan Vereecken Victoria Richardson Yolanda Lopez Takumi Aoki Greg Embleton https://lnkd.in/evaZQYbT

DNP and MUFG Aiming to Commercialize Digital IDs: Successfully conducted connection tests with Australian firms

DNP and MUFG Aiming to Commercialize Digital IDs: Successfully conducted connection tests with Australian firms

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