Technology
Japanese Conglomerate Uses Blockchain to Sell Doughnuts
The shoppers will buy doughnuts with their fingerprints to save the information on blockchain
Hitachi, a Japanese multinational conglomerate company operating eleven business segments, and KDDI, a Tokyo-based telecommunications operator with the consolidating revenue of $34.4bn, announced the series of experiments involving blockchain and biometrics. For the next few days, the group of employees from both companies will be settling the fingerprint retail system for Mr. Donuts at Takadanobaba and KDDI stores in Shinjuku.
Hitachi explained, in this particular project, the blockchain system is a layer integrated with Hitachi’s biometric verification and KDDI’s coupons system. The process is quite straightforward.
- The store need to accept coupons.
- Then, shoppers verify their identity with a fingerprint reading device.
- The fabric starts building a block of data out of the information received.
- The data gets encrypted and broadcasted to the blockchain network.
That being said, the system used in this experiment was built on top of Hyperledger Fabric. As the press release states, unlike other blockchains, with this particular project, biometric information can be generated as a secret key automatically.
Hitachi’s interest in blockchain
Notably, this is not Hitachi’s first time testing a blockchain platform for the use case. Other trials have included Mizuho Financial Group and a research lab in the U.S. in determining whether the Japanese multinational conglomerate company can use an immutable ledger to record orders, invoices and other types of data.
Hitachi, ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000, has been innovative since its founding in 1910. In the press released, they mentioned the company will continue to support and examine new business models to produce new services in various fields.
Image: Jack Moreh
Related post:
order accutane pill cheap amoxil 500mg purchase azithromycin generic
Excellent blog here! Also your site loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol
I appreciate, cause I found just what I was looking for. You have ended my four day long hunt! God Bless you man. Have a great day. Bye
There are certainly a lot of details like that to take into consideration. That could be a nice point to bring up. I provide the thoughts above as general inspiration however clearly there are questions like the one you carry up where a very powerful factor can be working in honest good faith. I don?t know if best practices have emerged around things like that, however I am sure that your job is clearly identified as a good game. Both girls and boys feel the impression of just a second’s pleasure, for the remainder of their lives.
Hey very nice website!! Man .. Excellent .. Amazing .. I’ll bookmark your web site and take the feeds also…I’m happy to find so many useful info here in the post, we need work out more strategies in this regard, thanks for sharing. . . . . .
I really thankful to find this website on bing, just what I was searching for : D besides bookmarked.
As a Newbie, I am constantly searching online for articles that can aid me. Thank you
It’s actually a great and helpful piece of info. I am satisfied that you shared this useful information with us. Please keep us informed like this. Thanks for sharing.
Thanks for the concepts you are giving on this web site. Another thing I want to say is getting hold of some copies of your credit history in order to inspect accuracy of the detail will be the first measures you have to perform in credit repair. You are looking to freshen your credit report from damaging details flaws that spoil your credit score.
I think this site has very good written content material blog posts.