On 31 August, Korean blockchain startup Coinplug announced that its MYKEEPiN decentralized identity (DID) app can be used by consumers to enter unmanned convenience stores. The solution is the result of a collaboration between SBI-backed Coinplug, HP Retail, an unmanned convenience store, and CU Box, a biometrics and access security company.
According to the Korea Times, due to evolving technologies and an increase in the minimum wage, unattended convenience stores have started to become commonplace in Korea, after making an appearance in 2017. To enter the stores, customers usually must identify themselves through credit cards or CCTV. Instead, customers can enter the store by using the MYKEEPiN app, which uses DID authentication technology linked to Coinplug’s Metadium Public ledger, launched in March 2020.
Coinplug acknowledges how the pandemic has created a new non-face-to-face era and believes MYKEEPiN helps further eliminate unnecessary contact between people, reducing the risk of infection. The startup also claims its app successfully provides ‘excellent’ user security to minimize the risk of data breaches, reduces the probability of theft in the unmanned stores, and will also result in the reduction of labor costs.
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