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Korea: telecoms giant launches blockchain wallet for administrative documents

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Posted By Bernd

In South Korea, the telecoms giant SK Telecom has announced the launch of a wallet to store administrative documents on the blockchain.

A wallet to store Korean administrative documents

As the local news outlet NewsTomato explains , the wallet will be used to host certificates , which prove that a Korean citizen has administrative documents. This can include insurance certificates, health information, proof of address, etc.

The digital certificates used in this way come directly from the government, more specifically from the “Government24” initiative , which aims to further digitize official documents used in the country. The idea is to promote the use of a mobile application, in order to minimize physical contact in a context of health crisis.

Once stored in the company’s blockchain wallet, document certificates can be shared with institutions that need them, such as banks or other private companies. Bitcoin Supersplit also intends to gradually extend the types of certificates compatible with the solution, for example by integrating documents related to the tax sector .

South Korea at the forefront of blockchain adoption?

The head of the Blockchain & Certification department of SK Telecom explains that the solution will only become more democratic in the future:

“ As society rapidly evolves towards a direct contactless society , innovation is required in the process of submitting and processing public certificates […] . We will try to provide safe and suitable services. “

In any case, South Korea is increasingly distinguishing itself from other countries, by adopting blockchain in an ever-increasing number of sectors . Last August, we learned that a million blockchain driver’s licenses have been issued, in order to get rid of the need to use a physical document. In addition, the country has announced that it will release several billion dollars to promote new technologies , including blockchain.

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