JCB, JP GAMES and Fujitsu launch joint project to strengthen digital data rights management in virtual and gaming worlds
TOKYO, Aug. 23, 2022–(JCN Newswire)–JCB Co., Ltd. (hereinafter referred to as JCB), JP GAMES, Inc. (hereinafter referred to as JP GAMES) and Fujitsu Limited (hereinafter referred to as Fujitsu) announced today that , they will begin a year-long joint project starting August 23, 2022, aimed at improving the security of the distribution and sale of digital data in virtual and gaming worlds. The three companies will utilize Fujitsu’s hash chain-based aggregate digital signature technology (1) to create and verify models to clearly Manage distribution and ownership of data and virtual assets.
JCB, JP GAMES, and will Fujitsu contribute to individual users with this model? and company? Safely and securely work with all types of data. The new model not only guarantees the rights and interests of Metaverse data, but also the reliability, authenticity and traceability of transactions and digital data itself.
Background
Non-Fungible Tokens (NFTs) (2) have been widely used to illustrate and can be easily reproduced a means of virtual asset rights. Many expect NFTs to play a central role in supporting various services in Web3(3) and Metaverse.
Currently, NFTs are of particular interest for investment and speculative purposes. However, due to the lack of a strong regulatory framework, some individual users and companies are still hesitant to accept NFTs, and There is a growing expectation that Web3 will provide new solutions to prove ownership of digital data more simply.
Outline of joint project
In this project, JCB, JP GAMES and Fujitsu plan to develop a new model , to support a wide range of users By combining the Metaverse platform jointly provided by JCB and JP GAMES with the digital signature technology developed by Fujitsu, the rights to virtual assets can be managed clearly and securely with ease. The three companies will focus on the following points:
1. Develop business models related to rights management services that enable the issuance and verification of digital signatures for virtual assets issued in virtual worlds and game worlds.
2. Develop technology combined with JCB-provided authentication and settlement capabilities to protect users from possible fraudulent transactions
3. Based on Fujitsu’s digital signature technology, implement a function in the model to ensure the safe use of minors and the elderly; Interoperability of future models with existing NFT markets
Roles and Responsibilities
JCB:
Utilize as Japan’s premier The solutions and knowledge accumulated by the leading international payment brands, provide settlement functions and trust information based on their settlement and identity authentication platforms; provide new service models to ensure transaction reliability.
JP GAMES:
In cooperation with JCB, developed the use of PEGASUS WORLD The KIT metaverse space builds a multiverse platform built with technical frameworks and passports that carry user information across the boundaries of real and virtual worlds.
Fujitsu:
Provides hash chain-based aggregate digital signature technology , articulating information on digital data rights and virtual assets, and transparent trust-assurance technologies (4) that can be linked with identity authentication infrastructure and services to simplify identity verification.
FUTURE PLANS
Looking ahead, JP GAMES plans to use this joint project in its future console games model developed in .
Through this joint project of the three companies, the aim is to achieve a large society where a large number of individuals and companies can transact safely and securely, taking advantage of data traceability and involving various Participants’ transactions.
(1) Hash chain-based aggregate digital signature technology:
Digital signature technology developed by Fujitsu that simultaneously ensures the authenticity of multiple people including the current owner and the next owner, the order of signatures, and the integrity of the data.
(2) NFT :
non-fungible tokens; immutable digital data capable of giving digital data on the blockchain unique attributes to ensure authenticity and track transaction history.
( 3) Web3 : A concept that has received attention as a next-generation Internet. It refers to a dispersed world where individuals are connected to each other.
(4) Transparent Trust Assurance Technology:
Fujitsu developed technology that helps the intermediary server to obtain the user’s authentication status when using different services or games, and allows digital signature machines to grant/verify transparent digital signatures.
About Fujitsu
Fujitsu’s mission is to make the world more sustainable by building trust in society through Innovation. As the digital transformation partner of choice for customers in more than 100 countries, our 124,000 employees are dedicated to solving some of humanity’s greatest challenges. Our range of services and solutions leverage five key technologies: computing, networking, artificial intelligence, data and security, and converged technologies, which we bring together to enable sustainable development transformation. Fujitsu Ltd. (TSE:6702) reported consolidated revenue of 3.6 trillion yen ($32 billion) for the fiscal year ended March 31, 2022, and remains the largest digital services company in Japan by market share. Learn more: www.fujitsu.com.
About JCB
JCB is a major global payment brand, Japan’s leading credit card issuer and acquirer. JCB started its credit card business in Japan in 1961 and began expanding globally in 1981. Its acceptance network includes approximately 39 million merchants worldwide. JCB cards are mainly issued in Asian countries and regions and have more than 140 million card members. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions around the world to expand its merchant reach and cardholder base. As an integrated payment solutions provider, JCB is committed to providing responsive, high-quality services and products to all customers around the world. For more information, please visit: https://www.global.jcb/en/.
ABOUT JP GAMES
A game development studio established in February 2019 by Hajime Tabata, who worked on games such as Final Fantasy XV. The company pursues the possibility of games with the concept of “using the power of games to make the future interesting”. In February 2022, the Metaverse business was separated from JP GAMES and became a group company. https://www.jpgamesinc.com/en/
Press contact:
Fujitsu Co., Ltd.
Public and Investor Relations query (bit.ly/3rrQ4mB)
JCB
Nakajima Ayaka
Corporate Newsletter Tel: +81- 3-5778-8353
Email: [email protected]
JP GAMES
E-mail: [email protected]
Industry: Card & Payment, Media & Marketing, Cloud & Enterprise, Blockchain Technology, Digitalization, NFT, Metaverse, Gaming
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