This vision for a user-centric digital experience will soon become a reality, through a partnership between Web3.0 technology company NTT Digital (a subsidiary of NTT DOCOMO, one of the world’s largest telecommunications infrastructure providers) and Accenture. Together, we are developing Universal Wallet Infrastructure (UWI) to provide the foundational services and capabilities that will enable dynamic and secure data sharing between individuals and enterprises, revolutionizing digital trust and ownership.
Most digital wallets today are single purpose, offered by a merchant or brand for a specific use (e.g. identity, payments, rewards). This limits multi-purpose applications, such as a digital wallet capable of storing verified identity credentials and holding digital assets. The evolution to multi-purpose universal wallets powered by UWI will be groundbreaking, enabling seamless experiences among businesses and individuals, and based on open standards.
Navigating the future of personal data
With NTT Digital’s cryptography expertise, global data center network and cybersecurity capabilities backed by NTT Group, combined with Accenture’s mastery and deep skills in blockchain, AI, strategy and creative design, we are well-positioned to lead this digital evolution.
Accenture helped lay the groundwork for UWI—from developing the vision, business strategy and technical architecture with NTT Digital’s executive leadership, to validating the concept through client workshops across the globe. While continuing to build, test and develop the UX and UI, we are already engaging with standards and regulatory bodies, and building a community of frontrunners that share our vision.
In less than a year, we have signed Letters of Intent with 10 early adopters—diverse industry leaders that share our vision. Their valued expertise and insights help ensure that we can meet the diverse needs of users and businesses alike. These organizations can see how, through trusted access to customer data, UWI will lead to the development of new user-centric business strategies that will power future revenue and data-led growth. UWI will create a vibrant, interconnected data economy, enabling AI systems to access rich data, fostering new opportunities for AI and personal AI proliferation.
The UWI experience
So how will UWI work? Remember Sarah? Her passport, plane tickets, membership cards and reservations are now stored in her universal wallet. When she gets to her destination, her ride share driver is notified of her plane’s arrival in real time, and the hotel receives her updated ETA. This allows the hotel to check her in early, enabling her to go straight to her room and unlock it with a virtual key sent to her wallet. In her room is her favorite meal, a frequent flyer reward courtesy of seamless data exchange between her airline and the hotel behind-the-scenes.