SoftBank Corp. announced on Wednesday it has teamed up with CloudMinds Technology for the development of an authentication solution based on blockchain. The two companies reported that they have developed the new solution by combining CloudMinds’ blockchain-based authentication with the mobile carrier’s authentication platform.
According to the duo, the new solution integrates CloudMinds’ device authentication and Softbank’s user authentication by mapping owner information and associated mobile device identifiers to identities in blockchain. This solution also will enable mobile users to log-in to websites without having to enter their user Id and password. The SDP (software-defined perimeter by Cloud Security Alliance) protocol is utilized to facilitate the authentication process, resulting in strong anti-DDoS capabilities. While sharing more details about the authentication Takeshi Fukuizumi, Vice President of SoftBank Corp., stated:
“I believe that our collaboration with CloudMinds will make substantial progress in authentication of Fintech and IoT device and service management. The CloudMinds authentication solution is based on a universal security framework, therefore, it can be applied to payment service which requires high security.”
Bill Huang, CEO of CloudMinds Technology, then added:
“This development is an important step towards the realization of IDoT. Given the decentralized nature of blockchain and the permission controlled scheme of CMPC, the IDoT will be jointly maintained by a large number of stakeholders. No company can monopolize the platform alone, and the platform does not rely on the existence of any single company supporting the platform. We believe IDoT will be a critical enabler for a fast approaching autonomous world.”