Oldest Bank In South Korea To Build Its Own Blockchain Security System


Shinhan Bank, the oldest bank in South Korea will soon become the most technologically secure bank in the country with its intent of launching its own blockchain-based security solutions.


This was made possible through its partnership with two other companies to develop the new security solutions based on the emerging technology.


These two companies includes GroundX and Haxlant who will work in tandem to create a Private Key Management System for the services of the said bank.


GroundX is the blockchain unit of South Korean internet giant Kakao which is primarily tasked to create the technology underpinning the blockchain-base plaform.


On the other hand, Haxlant, will then develop the infrastructure to feature an unhackable and secure program for the platform.


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Posted from

Cryptowarrior.Tech

: http://cryptowarrior.tech/banking-finance/oldest-bank-in-south-korea-to-build-its-own-blockchain-security-system/

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