Yesterday Samsung SDS announced that it has completed development of the blockchain-based certification service
BankSign.
Samsung SDS developed the service in conjunction with the Korean Federation of Banks (KFB). The project aims to simplify the notoriously complex Korean banking registration system.
The current system forces customers to renew their mobile digital certificate every year with each bank they use. However, BankSign allows a digital certificate from one bank, with a simple additional authentication, to be sufficient to use the mobile banking system of other banks.
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