Japanese tech research firm Fujitsu Laboratories has developed a blockchain-based solution for evaluating user credentials, identity and trustworthiness in online transactions, according to an announcement by Fujitsu on July 4.
As reported, the solution considers user ratings, stored on a blockchain, to assign every user a “trustworthiness score.” Users reportedly rate each other when a transaction occurs and the technology evaluates this data to make a guess about users’ relationships with one another.