Samsung seeks to optimize banking with the Blockchain tool

3년 전

Samsung SDS, a subsidiary of the South Korean technology conglomerate, has developed a blockchain-based certification platform for South Korean banks, it said on Monday.

Developed in collaboration with the Federation of Korean Banks, it is said that a new platform called BankSign makes the interactions between the mobile systems of the different banks be uniform.

Users can perform transactions in different applications, but the system will require the verification of a single application, using passwords, fingerprints or patterns for authentication, the Yonhap news agency reported .

The representatives of Samsung said that the security of the system is ensured by connecting the systems of the banks to the data exchange network, and the certification data within this network can remain valid for up to three years.

According to one statement, this security is reinforced by the inherent immutability of blockchain. The statement adds:


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Congratulations @anawertymary! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by anawertymary from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.