Dai Nippon Printing Company and MUFG Bank have announced a partnership aimed at developing systems for Verifiable Credentials and digital certificates after successfully conducting a connection verification test back in May.
The verification test considered the technical specifications proposed by the European Commission for the European Digital Identity Wallet. By employing data formats and communication protocols established by the OpenID Foundation, they confirmed interoperability between Japan and Australia.
The partners have formed the Japan-Australia Cross-Border Interoperability Working Group, which includes participants like Australian Payments Plus, National Australia Bank, Commonwealth Bank of Australia, and decentralised identity technology provider Meeco.
-The collaboration aims to commercialise digital ID, allowing consumers to manage their own decentralised identity information. It marks the first private sector initiative between Japan and Australia to explore cross-border data exchange.
DNP have provided digital ID wallet technology and managed working group operations during the tests, whilst MUFG Bank provided ID data in Japan.
Australian Payments Plus offered the ConnectID platform which received ID data from NAB, National Bank of Australia.
