Blockchain-Supported Identity Solution Released for Military Service Workers

It comes to the fore with the statements of blockchain-supported identity solutions of two big banks in South Korea.

• -With the joint decision taken by the banks, a blockchain-supported digital certificate platform will be launched for military personnel.
• -In this way, if the soldiers want to open savings accounts, they will be able to take advantage of this opportunity by using their smartphone-based identity solutions.

The White Paper continues to reflect current situations as a popular media organization. In the service created for the soldiers, he gives place to the work of Kookmin Bank and IBK Industrial Bank in their statements in the media. In these statements, cooperation with the Military Mutual Aid Society public pension fund, Korea Financial Telecommunication, and Clearing Institute, and finally Raon White Hat emerges. Blockchain-based distributed authentication services are created with these institutions that sign for cooperation. In this way, an information security service provider specializing in these verification services will also emerge.

What is the Latest Situation in the Opportunity Prepared for the Soldiers?

Thanks to the “Soldier Tomorrow Reserve Savings” created by KB, which emerged as a platform, the permission for the formation of service for the soldiers emerges. The most important of these is that it allows it to offer contactless, remote access to the financial product. This service, which will be revealed in June, will be in a special way for all soldiers on active duty. This banking service will apply to all soldiers working.

• -A digital proof of identity certificate will be required to allow soldiers to access the product. The platform created to provide this certificate will be created using DID technology.
• -According to the decisions made by the banks, the soldiers will be able to benefit from this service regardless of their position. Soldiers will be able to access the banking service wherever they want, especially as the COVID-19 situation continues and restrictions are created. In addition, there will be personnel who can provide services for soldiers and units with limited smartphone use. Provisions have also been published on this subject.

It comes to the fore that some soldiers may have difficulties in accessing financial products about platforms and services from social groups. Especially with the exclusion of many conscripted people from the job market, compulsory military service laws are also on the agenda as they may suffer losses in terms of service. DID services with blockchain support are making widespread progress in South Korea.

It comes to the fore with the statements of blockchain-supported identity solutions of two big banks in South Korea.

• -With the joint decision taken by the banks, a blockchain-supported digital certificate platform will be launched for military personnel.
• -In this way, if the soldiers want to open savings accounts, they will be able to take advantage of this opportunity by using their smartphone-based identity solutions.

The White Paper continues to reflect current situations as a popular media organization. In the service created for the soldiers, he gives place to the work of Kookmin Bank and IBK Industrial Bank in their statements in the media. In these statements, cooperation with the Military Mutual Aid Society public pension fund, Korea Financial Telecommunication, and Clearing Institute, and finally Raon White Hat emerges. Blockchain-based distributed authentication services are created with these institutions that sign for cooperation. In this way, an information security service provider specializing in these verification services will also emerge.