SANTA CLARA, Calif.--(BUSINESS WIRE)--SoftBank Corp. (“SoftBank”) and CloudMinds Technology (“CloudMinds”) today announced the development of a highly robust authentication solution based on blockchain. The two companies have developed the new solution by combining CloudMinds' blockchain-based authentication with the mobile carrier's authentication platform.
In the fast growing world of IoT, Robotics and Fintech services, it is becoming ever more important to address the challenges that exist in device onboarding, service authorization and network connection processes, such as the management of the relationship among devices, users, and services. Today, such management exists in silos; there is no universal service.
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 approach delivers a secure authentication system which identifies the owner of mobile devices. This solution 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. This framework provides a highly robust foundation for universal identity management.
With years of experience in IoT and Robotics using blockchain technologies, CloudMinds has become a leader in providing blockchain-based solutions. CloudMinds’ Permissioned Chain (CMPC) technology, employed in this joint development, uses “Legitimate Proof of Work” (LPOW) as its consensus scheme. A special design is employed to prevent “51% attacks” without the need for a huge amount of collective computing power. Such a solution is uniquely suited to enterprise applications. One particularly important application is the Identity of Things (IDoT). IDoT is a universal identity management platform that provides a common identity space for all intelligent devices. As a result, a device is able to authenticate against any other device in the world. CloudMinds’ Permissioned Chain also supports a hierarchical identity management structure which matches the needs of real world structure and provides flexible and efficient control.
“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,” said Takeshi Fukuizumi, Vice President of SoftBank Corp.
“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,” said Bill Huang, CEO of CloudMinds Technology.
About SoftBank Corp.
SoftBank Corp., a subsidiary of SoftBank Group Corp. (TOKYO: 9984), provides mobile communication, fixed-line communication and Internet connection services to customers in Japan. Leveraging synergies with other companies in the SoftBank Group, SoftBank Corp. aims to transform lifestyles through IT and expand into other business areas including IoT, robotics and energy. To learn more, please visit : www.softbank.jp/en/corp/group/sbm/.
About CloudMinds Technology
CloudMinds Technology is a pioneer, developer and operator of cloud robotic solutions. The company Makes Robots Smarter™ by providing the enabling secure network and cloud fabric coupled with a real-time, multi-modal human-in-the-loop cloud platform to connect robots to Cloud AI. CloudMinds has R&D operations in Santa Clara, California, Beijing, and Tokyo. http://www.cloudminds.com