26 APRIL 2022
New technologies can help banks, insurance companies and authorities fight fraud
Blockchain-based technologies can not only be used for cryptocurrencies. The technology eliminates the need for an intermediary when making transactions between two parties and can ensure that data cannot be modified.
By combining this feature with cryptographic techniques will enable banks and authorities to share sensitive personal data securely and enable them to fight fraud. This is exactly the purpose of a new project between researchers from Aarhus University, the IT University of Copenhagen and the Alexandra Institute, which is supported by DIREC – Digital Research Centre Denmark.