Personal identification from Smartphones… Advancing the Self-Sovereign identity era
7 Corporations such as SK Telecom, LG U Plus, KT, Samsung Electronics, KEB Hana Bank, Woori Bank, and Koscom are announcing to launch the business of blockchain based mobile identification on 14th. The persons in concern of the 7 corporations participating in the business agreement ceremony withholding the agreement. From the left side of the picture, Han, Junseong vice president of KEB Hana Bank Future Finance Group, Hwang, Woncheol Executive Director & Head of Woori Bank Digital Finance Group, Kim, Gyeyoung Head of Koscom Future Development Department, Oh, Sehyeon Senior Executive Director & Head of SK Telecom Blockchain/Verification Unit, Lee, Sangmin Senior Executive Director & Head of LG U Plus FC Department, Seo, Youngil Executive Director & Head of KT Blockchain Biz Center, Kim, Juwan Executive Director & Head of Samsung Electronics Service Plan Department, /Picture=SKT
The Era of simple and safe identification using a smartphone application based on the blockchain network is coming. It would be established by region of telecommunication companies, smartphone device manufacturers and banks,
SKTelecom (260,000 KRW 5500 2.2%), KT (28,150 KRW 350 1.3%), LG U Plus (13,950 KRW 300 2.2%), Samsung Electronics (46,300 KRW 100 0.2%), KEB Hana Bank, Woori Bank, and Koscom have announced on 14th at Plaza Hotel in Seoul that they have signed a joint business agreement on ‘Blockchain based Mobile Identification Service’ on 12th. They will establish a joint blockchain network to start mobile identification service based on it.
The mobile identification business is about personal identification · verification through a blockchain, in which the forgery · falsification is impossible. The ‘Self-Sovereign Identity’, also known as ‘mobile ID’, will be a service based on the Decentralized Identifiers (DID) technology.
DID is a blockchain infrastructure that is designed for users to save personal information in their devices and instantly submit when required. As each individual can manage their own information, it is called ‘Self-Sovereign Identity’ service.
The 7 participating corporations explained that the mobile identification service because it allows users to manage and control their own personal information and data.
Users would save their personal identification on their phone and submit the necessary data of the user’s choice when required. This is expected to bring the self-sovereign identity era as well as enable simpler and clearer identification in on · off-line.
The primary application of the service would be on the issuance of major national university’s certifications and over-the-counter stock (OTC) market of start-up businesses. SK, LG, and KT Groups are planning to utilize it in their employment process for the market entry strategy.
It is expected to simplify the issuance and submission processes of various certification. For example, the graduation certificates and grade certificates of major universities that had to be submitted in paper forms may just be simply submitted with the mobile service, and companies would be able to promptly verify them through the blockchain network.
The 7 participants expect that the synergy between the ICT industry and banking industry would help the proliferation of the service across the country. SK Telecom will utilize the identification service on its blockchain platform technology to blockchain based mobile entrance access solution. KT is connecting the identification service to their accumulated platform service capability such as Blockchain as a Service (BaaS) local currency and the independent blockchain technology. LG U Plus will focus on their blockchain cooperation with Soft bank. It will also utilize the service on establishing the blockchain based mobile device damage insurance service. It will facilitate communication between manufacturer, insurance company, and telecommunication company.
In addition, Samsung Electronics plans to manage secured personal information with the blockchain security technology based on the mobile security solution, Knox. Partners from the banking industry will focus on providing the highest level of security identification service in their industry.
These 7 participants will expand the service by leading more corporations to get involved. They plan to expand their service to various fields of industry such hiring process, the mobile entrance access service based on employee identification, the electronic identification service for telecommunication and financial business, the certification issuance service for hospitals and insurance companies, the membership of golf clubs and resorts, the discount services of movie theaters and amusement parks based on student verification, the notarizations and content certifications, and the simple online sign-in services.
In addition, the strategy establishment for the mobile identification service to be utilized in various industrial fields, as well as the preparation of the operation plan for it to be a long-term, social value creating service will be carried out.
Kim, Sekwan (2019. 07. 14.) 블록체인 기반 ‘모바일 신분증’ 시대 열린다
Money Today, retrieved from http://news.mt.co.kr/mtview.php?no=2019071316360062321
