NH Nonghyup Bank Introduces 'Mobile Employee Card' Applied with Blockchain-based ID Technology
NH Nonghyup Bank Introduces 'Mobile Employee Card' Applied with Blockchain-based ID Technology
  • Lee Jun-sung
  • 승인 2020.02.25 15:58
  • 댓글 0
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Jang Seung-hyun, senior vice president of Nonghyup Bank, and Oh Se-hyun, executive vice president of SK Telecom (left-hand side of the photo), enter the NH Digital Innovation Campus in Seocho-gu, Seoul on February 24, authenticating themselves with mobile employee ID cards at the terminal. (Courtesy of NH Nonghyup)

NH NongHyup Bank (bank president Lee Dae-hoon) said on Feb. 25 that it introduces a "mobile employee ID" service with blockchain-based distributed ID technology for the first time in Korea at NH Digital Innovation Campus in Seocho-gu, Seoul.

Distributed ID technology is a term referring to an electronic identification system that manages identity authentication (ID) based on blockchain technology, which allows individuals to have the right to control personal information, and can prevent the massive leakage of personal information generated by the agency holding personal information.

The mobile employee ID service, which was introduced this time, is the first commercial service that is jointly implemented by Nonghyup Bank and SK Telecom based on blockchain network and distributed ID technology provided by the "Initial DID Alliance" that NH Nonghyup Bank is participating in.

The convenience of employees has increased significantly as individual employees can manage their entry and exit certificates and commuting after applying and issuing them via mobile. In the future, the company is planning to expand its visit reservation and payment function.

Meanwhile, a launching ceremony for 'Digital ID Experience Group' consisting of about 20 executives and employees was also held on the same day. From now on, the team will play a role in applying distributed ID technology to the public by experiencing "mobile employee cards" in person and drawing improvements.

"In the future, the competitiveness of digital finance will determine the bank's future," said Chang Seung-hyun, senior vice president of Nonghyup Bank. "We will secure new growth engines for Nonghyup Bank based on new digital technologies such as distributed ID technology."

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