11 companies including Samsung Electronics will open blockchain identity authentication system during the year

According to The Korea Herald, a consortium of major companies including South Korea's three major communications companies, Samsung Electronics and Financial Corporation announced on Sunday that it plans to open a blockchain-based online identity authentication system service "initial" during the year. It is reported that the consortium was established in July this year and was originally initiated by the Korea Network Promotion Agency (KASI). The initial members include KT, SK Telecom, LG Uplus, Samsung Electronics, KEB Hana Bank, Woori Bank and financial technology company Koscom. Afterwards, four new members of BC Card, Hyundai Card, Shinhan Bank and Agricultural Cooperative Bank joined the consortium. It is reported that the service will first establish contact with six Korean domestic universities so that users can download their diplomas or academic records through the mobile application.