A blockchain ID system will be launched in South Korea by 2020.
According to a report from the Korea Times, the blockchain ID system is an initiative started by a consortium of major South Korean firms. Members of the so-called consortium include Woori Bank, SK Telecom, Uplus, LG, KT, KEB Hana Bank and Samsung Electronics.
This consortium is focused entirely on developing a self-sovereign block ID system. The system will not require intermediaries. This will enable users and companies a more reliable way to control their ID information in online transactions.
On the initial goal is to have user profiles combine a lot of details. Users will be able to store information such as bank account information, resident registration numbers and use them freely.
Financial service members from the consortium, will be tasked with providing certification services. SK Telecom and Samsung specifically, will be responsible to ensure a fast, safe and reliable management of all data stored on the system.
Everyone from the consortium has a key role to play in the development of the blockchain ID system
According to the report, data management will be done by Samsung Knox. The enterprise mobile security solution is already pre-installed in most new Samsung smartphones, tablets and wearables.
Growth is also a very key factor that is already being worked on. Until 2020, the consortium will further grow by pursuing partners in the face of other large companies, hospitals, universities, country clubs, resorts, entertainment facilities and insurers.
News for the development of the blockchain ID system comes shortly after Fujitsu Laboratories revealed that they have finished developing a blockchain solution for the evaluation of user credentials, ID and trustworthiness in online transactions.
Fujitsu’s solution will consider the user votes or ratings that are stored on the blockchain in order to give every single user a “trust score.” Users can rate each other after every transaction and the technology quickly makes use of the newly updated data to measure each user.
Know More:

Ripple Faces Another Lawsuit from Investors Claiming XRP Is an Unregistered Security
Wednesday August 14, 2019

Coinspeaker Ripple Faces Another Lawsuit from Investors Claiming XRP Is an Unregistered SecurityIt seems that the trouble for Ripple to back its XRP tokens is neverending. In a recently amended complaint filed against the company, a group of XRP investors argues that the XRP tokens act as unregistered securities.The latest argument stems from the guidance […]

The post Ripple Faces Another Lawsuit from Investors Claiming XRP Is an Unregistered Security appeared first on 12bit trade.

Facebook Stablecoin Already has Over 100 Fake Domains Registered
Electricity Consumption of the Bitcoin Network Shows Interesting Facts
Eco-Friendly Crypto Mining Ignored: Politicians Prefer Money Laundering

In the detective Project Judge, you will be able to establish useful connections with people and find a girlfriend
Friday November 09, 2018

In the latest issue of Weekly Famitsu has published new information about detective Project Judge from the creators of the Yakuza series. Friend are the system Events (“Events with friends”). Friend Events is the mechanics of deepening ties with the people, Kamurocho order to obtain different benefits. Strengthening relationships with them also helps in finding

The post In the detective Project Judge, you will be able to establish useful connections with people and find a girlfriend appeared first on W88.

The post Blockchain ID System to be Launched in South Korea by 2020 appeared first on CoinStaker | Bitcoin News.

Gordon Hayward Injury Update: Will Hayward Play Tonight Against the Hawks?
Friday December 14, 2018

Celtics forward Gordon Hayward has missed the team’s last two games, against the Wizards and Pelicans, with an illness. The Celtics have been just fine without him–they’ll be looking for their eighth win in a row tonight against the Hawks and are finally on the up-and-up after a rough early season–but they’ll have him back […]

The post Gordon Hayward Injury Update: Will Hayward Play Tonight Against the Hawks? appeared first on 12bet - Bet365.