Yesterday, South Korea’s Nonghyup Bank (NH Bank) introduced its ‘Mobile Employee ID’ underpinned by blockchain technology, reported JoongAng Ilbo. The report said this was the first commercial application of the distributed identity technology developed by the ‘Initial DID Association’.
The Association is a decentralized identity consortium hosted by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA). LG, SK Telecom and Samsung Electronics founded the consortium and were later joined by several other telcos and commercial banks, including NH Bank.
The consortium aims to introduce self-sovereign identity allowing users to control their own data, including personal information and qualifications.
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