First take a read through these 2 medium articles for background infohttps://medium.com/helloiconworld/chan-id-developed-using-loopchain-to-be-used-in-samsung-pass-service-69669928369dhttps://medium.com/helloiconworld/chain-id-the-worlds-first-blockchain-joint-authentication-service-95f2a743512fSamsung Electronics will strive for a next-generation authentication service that combines block chain and biotechnology. The Korea Investment Holdings Association announced on November 11 that it has concluded an MOU with Samsung Electronics (005930) to cooperate with Chain-ID to cooperate with the Samsung Pass.Chain-ID is the world's first block-chain-based joint authentication system that participated in 11 financial investment companies in October last year for online stock trading and fund transfer. Samsung Electronics plans to increase user convenience by linking 'Samsung Pass', which is a personal authentication technology using biometric information such as fingerprint and iris in smart phone of smart phone.Recently, the government is discussing the construction of a platform to replace the digital signature of financial transactions as the legislation foresees the revision of the electronic signature law including the abolition of the authorized certificate system.The company expects to significantly improve the accessibility of financial investors' smartphone stock trading by combining the Samsung Pass with the Chain-ID platform, which has been secured for about 6 months in trial service in line with the increasing trend of smartphone stock transactions.In addition, Samsung smartphone users will be able to use Chain-ID without installing a separate app (app), thereby enhancing the convenience of financial transactions and providing a higher level of security through the combination of block chain and biometric authentication technology.Kim Chae-yong, director of information system, said, "Chain-ID plans to expand the financial consumer convenience by linking it with the bank chain block-chain cooperative authentication system this year." "Digital ID that can be used anywhere I will make every effort to be able to position it. " On the other hand, Chain-ID will provide PC programs for the first half of this year so that PCs can use block-chain authentication without installing additional programs such as Active-X. Also, we plan to establish a blockchain authentication linkage standard through collaboration with Financial Security Agency.Kim Jong-aa, CEO of the Business Innovation Division, said, "The joint venture platform, which was the world's first open block block chain last year, will evolve into an alternative certification platform through combination with biometric authentication technology. It will continue. "
Submitted May 11, 2018 at 10:01PM
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