Yale University, Tata Group and TCS collaborated to create a new architecture using blockchain, making use of decentralized storage provided by Hyperledger Fabric and the IPFS peer-to-peer network, as well as decentralized identities supported by Hyperledger Aries and Indy.
This framework is the first to combine the scalability and identity verification benefits of private blockchains with the trust and decentralization provided by public blockchains. Additionally, it provides the ability to share data and services through a fully decentralized digital ecosystem that enables user control of data.
Professor Leandros Tassiulas, Yale University said, “But this first-of-its-kind platform we’ve created with TCS can establish trust while upholding user control of data. It’s a platform that will enable markets where they weren’t previously possible and give people sovereignty over their own data once again.”
“We believe that decentralized identity is a compelling use case for blockchain technology, and identity platforms and related solutions are already part of our platform and solution strategy,” said Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS.
“This work is another example of a successful, impactful, mutually beneficial collaboration between Yale, the Tata Group and TCS, as an outcome of a successful alliance established in 2016,” said Yale Professor Nicholas Christakis, Co-Chair, Tata-Yale Alliance.