The South Korean telecom large SK Telecom has introduced it is going to situation its first digital pockets for blockchain-powered digital certific
The South Korean telecom large SK Telecom has introduced it is going to situation its first digital pockets for blockchain-powered digital certificates storage and administration with the approval of the Ministry of Public Administration and Safety.
Based on NewsTomato, SK’s Pockets is suitable with the ministry’s personal Authorities24 digital certificates initiative, which promotes using digital certificates issuance and distribution programs in South Korea within the wake of the COVID-19 pandemic.
SK Telecom’s digitalized public certificates embrace copies of resident registration playing cards, medical health insurance qualification certificates, immigration certificates, amongst different paperwork beforehand issued on paper and signed by hand. They are going to be now issued by way of a cell app backed by blockchain know-how.
Certificates issued by way of the Authorities24 app could be obtained within the SK’s pockets and later submitted to public entities, monetary establishments, and personal firms as digital paperwork.
Within the preliminary stage, 13 sorts of certificates will likely be suitable with the pockets, however on the finish of the yr, SK Telecom plans to make it suitable with “a complete of 100 sorts” of certificates, together with tax-related paperwork.
Oh Se-hyun, head of SK Telecom’s Blockchain & Certification Enterprise Division, argued that blockchain is a vital know-how in a society that’s “quickly altering as a result of want for non-face-to-face options the place we want innovation within the means of submitting and processing certificates centered on paper paperwork and guide work.”
He additionally highlighted the safety benefits that the know-how may carry to such processes.
Just lately, it was revealed that a million South Koreans have foregone their bodily drivers licenses in favor of a blockchain-powered digital different used at the side of the PASS smartphone app.
This represents greater than 3% of your entire driving inhabitants in South Korea, which sat at 32.6 million licensed drivers in 2019 based on Statista.