Samsung is planning, in conjunction with six other South Korean companies such as LG UPlus, the creation of a Blockchain-consortium niches large. It is the goal of digital identities in a tamper-proof store and to be able to such as authentication processes accelerate.
David-separator
15. July 2019BTC$10.532,00 -0.84%part Facebook Twitter LinkedIn xing mail
“take control of your personal data.” About as likely to be the Motto under which a consortium led by Samsung acts from now on. According to a press release, the one of the consortium members, SK Telecom, at 14. July had launched, the organization consisting of seven well-known companies from South Korea to make the KYC process significantly more efficient.
to achieve This, the consortium through the Integration of the Blockchain technology in Samsung’s Knox solution. This is a Smartphone App, with which users of personal data can safely drop this from a variety of different (mobile) devices can exchange. By means of Blockchain technology Users can and provide in the future, evidence of identity through the use of digital signatures is significantly faster than in the past. One of the party, the Woori Bank, KEB, Hana Bank, SK Telecom, KTm LG Ultra Plus, and Koscom, the IT next to a Samsung offshoot of the Korean securities market the Korea Exchange.
But what is that exactly good? As a case example, SK Telecom, for example, the use among students. This could be to get hold of, therefore, documents such as passports or certificates of Enrollment is significantly faster, since personal identities would be evidence obsolete. Personal data could be verified with the new Blockchain System automatically.
a lot of Blockchain Use Case
authentication method for digital identities of promise are considered as one of the major Use Cases for the Blockchain technology. Although the Blockchain is “” not the Jack of all trades for you to a number of market observers. KYC-to make processes leaner could develop in the future, but quite to the market.
Samsung, meanwhile, is on the forefront of Blockchain and crypto adaptation. The South Korean electronics manufacturer made this year already several times headlines. To use on the one hand, due to the announcement of the new Galaxy S10, a crypto-Wallet. On the other hand, by reports that Samsung has a multi-million amount in the French Cold-Wallet-manufacturer Ledger invested.
Public Blockchains are cases, as a rule, for application, how Samsung imagines rather unsuitable. Finally, the public Doffing of personal data for data protection reasons, it is difficult to imagine. This is also the view of Matthias Henkert that is, for some time at SAP as a Blockchain expert operates.
Now on crypto-currencies to invest: , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: buy Bitcoin | Ether buy | Ripple buy | IOTA buy | Broker comparison
More on the topic:
After the big Bang: How the Blockchain technology of the German Bank on the restructuring of the group Go Ethereum can help! Software reaches milestone World Bee Project: With Blockchain against bees#Blockchain#die Digital identity#Samsung
