South Korean mobile carrier Korea Telecom (KT) is to introduce a new blockchain-powered system and plans to develop it across the whole country. The telco said the new system would keep its data secure from hackers by allowing users to transmit data to one another without having to rely on a third-party application. KT said it plans to rebuild the country’s whole network with blockchain technology during the next few years. Blockchain, which was first introduced in 2009, has been used for years as an alternative way of storing digital data.
South Korean mobile carrier Korea Telecom (KT) is to introduce a new blockchain-powered system and plans to develop it across the whole country. The telco said the new system would keep its data secure from hackers by allowing users to transmit data to one another without having to rely on a third-party application. KT said it plans to rebuild the country’s whole network with blockchain technology during the next few years. The company said blockchain would be one of the central technologies for digitisation in what it called the “fourth industrial revolution”.