South Korea introduces blockchain-based identity: report
South Korea introduces blockchain-based identity: report
- Citizens can access their digital IDs via their smartphones
- The technically experienced nation is among the developed markets for smartphone use in the first place
South Korea plans to use blockchain technology for the use of digital ID cards, since the country moves towards a post-covid 19 era of long-distance work and online verification processes.
The state's government will enable citizens to check their identity via digital IDs that are embedded in their smartphones and replace Korea's residents registration cards by 2024. Bloomberg"> Bloomberg reports Sunday.
South Korea - one of the most digitally developed countries worldwide - tries to boost economic growth after pandemic. The country was among the most influenced among the nations developed.
according to a current report According to the conference of the United Nations for trade development, which accelerated Pandemic the transition to digitization. Therefore, there are concerns about cyber security in an increasingly enemy environment for the safe storage of sensitive data.
Blockchain-based IDS are an attempt to reduce some of the stresses that are exposed to countries that want to strengthen their defense against cyber attacks that have occasionally caused chaos The USA and Australia.
The initiative will use the advantages of the decentralized storage of user data and at the same time the telephone data of the citizens, including the way and where they use their digital IDs, keep privately from the government.
South Koreans are among the most technologically versed people worldwide.
Investigations carried out in 2011 by the program for international student assessment of the Organization for Economic Cooperation and Development in 2011 showed that the younger generation cited other nations in terms of use Learn online .
South Korea also ranked for smartphone ownership Own a smartphone and use it at least once a month. The United States is around 80 % on the same metric.
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The article South Korea to Roll Out Blockchain-Based Identity: Report is not a financial advice.