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Korean Bank Issues Blockchain-Powered Employee ID

Korean Bank Issues Blockchain-Powered Employee ID

The fifth-largest bank in South Korea, NongHyup (NH) Bank has become the first institution in the country to issue blockchain-powered employee ID cards service in the country. By implementing this, individuals have the right to control personal information.

Reportedly, the staff will use the new ID system to register when they come in and leave work with a digital key card on their mobile phones to enter and leave the firm. The system records and works on data on a blockchain network as records on it cannot be changed and will not get leaked.

The partnership between the NH Bank and SK Telecom is among the Initial DID Alliance by a conglomerate of firms in the Asian country alongside Samsung, Woori Bank and a few more. The ID system is currently on trial, if the process is successful, the bank plans to extend services on blockchain.

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