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SK Telecom, Deutsche Telekom to Build Blockchain Identity Platform

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South Korea’s largest wi-fi provider, SK Telecom (SKT), is partnering with the sector’s fifth largest telecoms company, Germany’s Deutsche Telekom, to broaden a blockchain-based cellular identity resolution. The information was once reported in a press unencumber from SKT on Feb. 21.

A Memorandum of Understanding between the 2 corporations is to be formalized right through the Mobile World Congress (MWC) 2019, which kicks off on Feb. 25 in Barcelona, Spain.

The collaboration will see SKT and Deutsche Telekom’s R&D unit, T-Labs, broaden a commercialized, blockchain-powered cellular id resolution that can be utilized for programs corresponding to get right of entry to keep an eye on, dealings and contracts.

SKT told native information outlet The Korea Times that it believes blockchain-based virtual identity will considerably streamline and protected the method of verifying private knowledge. Oh Se-hyun, who heads SKT’s blockchain unit, famous:

“Mobile blockchain identity can be used in plenty of spaces together with logins each on-line and in places of work. Beginning with the newest collaboration, we can additional spur the innovation of data and communications applied sciences.”

SKT has defined that many present e-commerce and different web-based interactions require customers to divulge private knowledge — corresponding to their date of beginning and contact quantity — whose flow due to this fact escapes their keep an eye on.

In an encrypted blockchain gadget, such disclosure can be pointless, thereby providing extra self sufficient and protected control of delicate data. SKT instructed newshounds that blockchain-powered identity answers may just in the long run changed govt paperwork, together with passports.

Set to show their joint resolution right through MWC 2019, the Korean and German corporations have mentioned they be expecting vacationers from each nations will face much less friction confirming their identities by way of the use of the brand new gadget.

As reported, Deutsche Telekom has lately joined the Linux Foundation’s open supply blockchain venture Hyperledger, utilized by many enterprise-focused corporations, corresponding to IBM.

SKT, for its section, has prior to now participated within the blockchain financial system by way of backing Korean crypto alternate Upbit, in addition to launching a blockchain-based asset control carrier and blockchain startup enhance platform in April 2018.

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