Those interested in the Blockchain investing options can now look into the options open to them from the Japanese electronics giant, Hitachi. The company has spent a large amount of time over the last few years exploring the many options open to them for developing a better system of accepting payments based around the Blockchain.
The new fingerprint-based payment system is being trialed in Japanese KDDI stores in conjunction with the telecommunications giant. KDDI is already operating a coupon system for customers using its telecommunications platforms and will trial new ways of using the Blockchain and fingerprint technology. The Blockchain technology of Hitachi is used with the biometric information of the customer including fingerprint information stored securely Online. The bonus for customers is the ability to link their credit card information directly to their biometric information meaning simply placing a finger on a scanner will see a KDDI bill settled in seconds.
Hitachi stated the ability to store customer information in a decentralized, secure location means the information is secure from hacking groups.
Releasing information to the Blockchain news outlets, Hitachi stated the ability to store customer information in a decentralized, secure location means the information is secure from hacking groups. The latest uses of the Blockchain means those retailers interested in joining the Hitachi-based system will not physically store consumer information and no Blockchain training will be required for staff. Instead, the technology of the electronics giant will be important in providing access to payments in the most secure way possible throughout the 21st-century.Hitachi has been involved in Blockchain development in a serious way since 2016 and held the goal of incorporating fingerprint technology into its system for a number of years. The major difference between the biometrics used by Hitachi and other electronics groups is the scanning system records vein patterns beneath the skin. The most common form of fingerprint scanning is a simple infrared sensor many fear can be tampered with. Experts are pointing to the work of Hitachi as having positive impacts on many areas of society including the safe passage of refugees processed using the Blockchain and fingerprint scanning technologies.