Hitachi will launch a blockchain payments verified with a fingerprint

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Hitachi will launch a blockchain payments verified with a fingerprint
Hitachi will launch a blockchain payments verified with a fingerprint
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A major Japanese company, Hitachi, is launching a joint project with a telecom giant KDDI.

The blockchain system developed by Hitachi with Hyperledger Fabric technology is combined with the biometric verification of Hitachi and the KDDI coupon system.

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Hitachi explains that when customers agree to use the system, they register their coupon loans and biometric information, which are then coded into a line of encrypted data and stored in the blockchain.

By initiating a transaction in a retail store that accepts these coupons and participates in the blockchain as a node, the customer confirms their identity with the fingerprint reader that sends the request to the network, after which the transaction is executed. Companies plan to launch transactions using coupons in a distributed network, where client fingerprints will be used to validate transactions.

“As a result, users can verify themselves with a fingerprint and they do not need to print a coupon on paper. There is even no need to show a coupon in the store and it can be used without a smartphone, “the press release said.

The authorized Hitachi emphasize that the use of distributed registry technology will undoubtedly help to instantly spread the information about the used or appeared coupon.

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