posted about 2 years ago South Korea's leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use a new telecommunications system powered by blockchain security solutions. Speaking to the The Korean Herald, the head of the company's blockchain center at the Institute of Convergence Technology said: "By using blockchain technologies, data will be secured from hackers as transmitted through the unforgeable blockchain network and users will be transmitting their own data with one another based on trust with no need to rely on third-party OTT businesses." The end goal is for KT to rebuild South Korea's network infrastructure using blockchain technology over the next few years. One of the company's chief researchers, Seo Young-il reportedly said that "blockchain will be [among the] central technologies for digitization in the 'fourth industrial revolution.'" Tags: blockchain, news
South Korean mobile carrier KT (Korea Telecom) 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. Korea Telecom 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”.