seven South Korean companies, including Samsung Electronics, KEB Hana Bank and SK Telecom, have formed a consortium to develop a blockchain-backed mobile authentication network. It will initially be used to issue and verify college graduation certificates, while the group's telcos will use it to review applications when hiring. The consortium also plans to expand the platform, adding new members to cover hospital and insurance services, as well as leisure pursuits.
Seven South Korean companies, including Samsung Electronics, KEB Hana Bank and SK Telecom, have formed a consortium to develop a blockchain-backed mobile authentication network. It will initially be used to issue and verify college graduation certificates, while the group's telcos will use it to review applications when hiring. The consortium also plans to expand the platform, adding new members to cover hospital and insurance services, as well as leisure pursuits.