At TechEd, Camelot ITLab announced its new Hypertrust Identity Management, which helps ensure trust in blockchain-based transactions. [shutterstock: 777275785, LuckyStep]
Camelot Innovative Technologies Lab (Camelot ITLab) announced a new distributed application based on its Hypertrust Platform at SAP TechEd in Las Vegas.
Hypertrust Identity Management helps ensure trust in blockchain-based business transactions, e.g. within supplier relation scenarios, by enabling secure identity management and claim validation. It is one of the first applications leveraging the Hyperledger Indy technology in combination with SAP software.
A blockchain network makes business transactions that rely on a clear identification of its participants and secure claim validation executable. Generally, distributed identity management systems such as Hyperledger Indy, offer claim validation based on asymmetric encryption and basic proof methods. However, the functionalities provided are not sufficient for more complex or real-time claim proof algorithms as needed e.g. for regulatory or quality assurance measures.
This is why Hypertrust Identity Management combines the claim validation functionalities of Hyperledger Indy with extended real-time claim validations based on Camelot Trusted Computing Appliances. Trusted Computing Appliances are Camelot ITLab’s solution for so-called “off-chain smart contracts”, leveraging SAP blockchain services and Intel SGX. Hypertrust Identity Management is the latest application of Camelot’s Hypertrust Platform, a blockchain-based permissioned platform of distributed apps for targeted use cases across the entire value chain of companies.
“Hypertrust Identity Management is a successful milestone in our track record of providing pioneering digital solutions that solve true business issues”, said Steffen Joswig, Managing Partner of Camelot ITLab, commenting on the launch of the new application.