Tokyo, 28 August, /AJMEDIA/
JCB Co Ltd, JP Games Inc and and Fujitsu Ltd will embark on a one-year joint project to improve the security of distribution and sales of digital data in the metaverse and gaming world.
The three companies will leverage Fujitsu’s hash-chain based aggregate digital signature technology to create and verify a model for the clear management of rights regarding the publication and ownership of data and virtual assets.
The companies will use this model to contribute to individual users’ and companies’ safe and secure use of various types of data. The new model will not only ensure the rights to data in the metaverse, but also guarantee the reliability, authenticity, and traceability of transactions and digital data itself.
Non-Fungible Tokens (NFTs) have become widely used as a means to clarify the rights to virtual assets that can be easily copied. Many anticipate that NFTs will play a central role in supporting various services in Web3 and the metaverse.
At present, NFTs are especially attracting attention for investment and speculative purposes. Some individual users and companies, however, remain hesitant to embrace NFTs due to a lack of a robust regulatory framework, and expectations are rising that Web3 will provide new solutions to more simply prove ownership of digital data.
Outline of the Joint Project
Within this project, the three companies plan to develop a new model that enables a wide range of users to easily clarify and securely manage the rights to virtual assets by combining a metaverse platform jointly provided by JCB and JP Games with a digital signature technology developed by Fujitsu. The three companies will focus on the following points:
— Development of a business model related to a rights management service that enables the issuance and verification of digital signatures for virtual assets issued in the metaverse and game worlds.
— Development of a technology that works in combination with the identity verification and settlement functions provided by JCB to protect users from possible fraudulent transactions.
— Implementation of a function within the model to ensure safe usage for minors and the elderly based on Fujitsu’s digital signature technology; future interoperability of the model with the existing NFT market.
