Joint Development and Empirical Research of a Blockchain Platform to Securely Transmit and Record Students' Personal Data by FinTEK and IGS at Keio University Joined and Supported by the Bank of Mitsubishi UFJ, SOMPO Holdings, and Sumitomo Life
August 26, 2020 Keio University
Institution for a Global Society Corporation
The Keio University Centre for Finance, Technology and Economics at Keio (FinTEK; Minato-ward, Tokyo; Director Teruo NAKATSUMA) and the Institution for a Global Society (IGS; Shibuya-ward, Tokyo; CEO Masahiro FUKUHARA) are initiating a joint research project called STAR (Secure Transmission And Recording) using a blockchain to securely manage and utilise personal data.
The mission of STAR is to "return private information back to the hands of the students." During the three-year period of this research, our goals are:
(1) Attaining a system for the secure and transparent transfer of private information from students to firms (2) Researching strategies on information usage that benefits both students and firms (3) Improving accuracy of matching students and firms
Up to 20 firms, each from a different economic sector, will join STAR. Those that have already committed to the project include the Bank of Mitsubishi UFJ, SOMPO Holdings, and Sumitomo Life. After three years, the project will expand to invite the participation of many firms from various sectors of the economy.
FinTEK is an institution for interdisciplinary research and education in financial technology (fintech). Its aim is to promote pioneering research using information and communications technology, cryptology, economic theory, and data science to provide policy recommendations as well as empirical evidence on fintech's social and economic implications. IGS has been working to improve matching between students and firms through research on evaluation indicators and big data in the area of education and HR.
STAR, as a joint empirical research project conducted by FinTEK, IGS, and participating firms, will provide a platform that connects students and firms.
For further information, please refer to the following PDF file.