11 South Korean companies including Samsung Electronics will provide blockchain-based mobile identity and authentication services

According to foreign media news today, an alliance of 11 major Korean companies including Samsung Electronics Co. said on Friday that it will commercialize blockchain-based mobile identity and authentication services to allow users to be secure Processing of personal information. The Initial DID Association said it will launch the mobile application Initial next year to provide a decentralized identity service. DID allows users to control their digital identities and information without the help of any centralized registry or certificate authority. The association claims that through the application, users can easily download or upload certificates, while the authenticity of their personal information and digital documents is protected by blockchain technology.
It is reported that the blockchain identity alliance was established in October, and its members also include the three major telecommunications operators and first-tier banks in South Korea. The association said that about 70 digital certifications will be available for download on its applications next year.