default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

Consortium launches blockchain-based digital ID in S. Korea

기사승인 2019.07.14  08:44:20

공유
default_news_ad2

A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones to provide a trustworthy and secure solution, they said Sunday.

ior executives of KEB Hana Bank, Woori Bank, Koscom, SK Telecom, LG Uplus, KT and Samsung Electronics sign an agreement to collaborate on blockchain-based digital certificates available on smartphones during a ceremony in Seoul on July 12, 2019, in this photo jointly provided by the companies. (Yonhap)

Samsung Electronics Co., three mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- KEB Hana Bank, Woori Bank and Koscom, an IT subsidiary of the main stock exchange, signed an agreement to jointly develop a mobile application for the digital ID platform.

Current online certificates for sharing personal data and information with companies and digital platforms are vulnerable to cyberattacks and under fire for poor data management in the wake of hacking.

Decentralized blockchain networks allow individuals to maintain more direct control over their own confidential information, reducing the risk of fraud and hacking.

In the initial stage, data stored in the mobile app will be used as proof of credentials at major universities and the trading platform for unlisted shares of startups, they said.

The consortium is also pushing to have the three mobile carriers use the digital ID when hiring new employees to expand its application in real businesses, they noted.

The consortium said it plans to encourage more companies from different sectors to join the project to expand use cases, including in the hiring process, access control systems, certificates for financial services and other areas. (Yonhap)

Paul Kim edt@koreapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch