A South Korean blockchain identity consortium formed by LG, SK Telecom, Samsung Electronics and others announced the addition of new members.
Hyundai Card, BC Card, Shinhan Bank, and NH Bank signed up to the blockchain consortium. They join initial members SK Telecom, LG Uplus, KT, Samsung Electronics, KEB Hana Bank, Woori Bank, and Koscom who
created the group in July. The blockchain network has been named ‘Initial DID Association’.
With the new members, the consortium now has four of the top five banks in Korea. The launch of the blockchain platform has been brought forward from 2020 to the end of this year.
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