On the 14th July, SK Telecom
announced that it is working on a blockchain based identity service with fellow Korean telecoms firms
LG U+ and KT along with Samsung, KEB Hana Bank, Woori Bank and IT company Koscom. The firms will build the self-sovereign identity (SSI) app to allow users to manage their personal information.
Slated for release in 2020, the project will first be aimed at South Korea’s major universities. Proof of graduation is often needed, for instance, when applying for a job. If the applicant is using an SSI service, blockchain could allow the employer to verify that the information is authentic.
SSI enables a user to control their own data using decentralized identifiers (DiD). The technical details have not yet been released, and blockchain’s role in SSI can vary significantly depending on the implementation.
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