Hitachi to Use Fingerprints For Blockchain Payments

A new blockchain-based system can settle retail payments validated using shoppers' fingerprints
26 July 2018   1381

The Japanese technological conglomerate Hitachi together with the telecommunications giant KDDI started testing of a blockchain of retail payments verified by the user's fingerprint. This is reported by CoinDesk.

It is reported that the complex, created on the basis of the development of the Hyperledger Fabric start-up, is integrated with Hitachi's biometric verification technology and the KDDI coupon system. So, users can use coupons, pay for services and verify payments using a fingerprint scanner.

As representatives of Hitachi explain, a user needs to register a coupon and verify himself using biometric information. The store will act as a blockchain node and will be able to verify the identity of the buyer with the help of a fingerprint.

As a result, users can authenticate themselves by holding the finger on the authentication infrastructure, so it is not necessary to present a coupon at the store, and the coupon can be used even without a smartphone.
 

Hitachi

Representatives of Hitachi emphasize that using the technology of the distributed ledger will help instantly spread the information about the used or appeared coupon.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   878

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.