Innovation lab of Wipro launches DICE ID powered by blockchain technology

DICE ID to make digital identification and credential verification faster, easier, and more secure.

Launch of DICE ID

Wipro’s innovation lab, Wipro Lab45 has launched its Decentralized Identity and Credential Exchange (DICE) ID, which puts users in control of their personal data and enables faster, easier and more secure sharing of private information online.

Powered by blockchain technology, DICE ID enables the issuance and verification of tamper-proof, self-verifiable digital credentials. DICE ID stores verified personal information from certified issuers in an identity wallet owned by the user.

The company’s Chief Technology Officer, Subha Tatavarti, said, “Current online identification relies on the use of single sign-on services, requiring users to share personal data with multiple third parties. DICE ID gives the power back to the individual, making it easier and safer than ever to manage to share of personal data on digital platforms. We believe decentralized identity and verifiable credentials technology will become a game-changer resulting in a metamorphosis of the identity space. And we are thrilled to be at the forefront of this innovative technology.”

Stock price movement

Today, the stock opened at Rs 395.45 and has touched a high and low of Rs 398.70 and Rs. 394.10 respectively. The BSE group 'A' stock of face value of Rs 2 has touched a 52-week high and low of Rs 615.90 and Rs 372.40, respectively. Last one week high and low of the scrip stood at Rs 408 and Rs 394.50 respectively. The current market cap of the company is Rs 2,16,826.74 crore.

The promoters holding in the company stood at 72.94%, while Institutions and Non-Institutions held 14.14% and 10.55% respectively.

About the company

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.