Financial Services Agency's "FinTech Sandbox" Supported Project: Public Announcement of Demonstration Experiment Results – Verification of New Identity Verification Method Using Digital Certificates
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The DID/VC Co-creation Consortium, organized by Mitsubishi UFJ Trust and Banking Corporation, has announced the results of its demonstration experiment for a new identity verification method using digital certificates (VC). This project, supported by the Financial Services Agency's "FinTech Sandbox," aimed to enhance security and convenience in identity verification based on the Act on Prevention of Transfer of Criminal Proceeds, showing potential for reducing customer burden.