Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Interview with Nieuwe Lukso Coo

2025-05-18

Gold multiplier ratio called Bitcoin Top in 2021, this is what it says now

2025-05-18

The sale of Chainlink starts: will the retail trade hold the line this time?

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17
  • NFT

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14

    The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Koreans to have access to blockchain-powered digital IDs by 2024
Blockchain

Koreans to have access to blockchain-powered digital IDs by 2024

2022-10-17Updated:2022-10-17No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


South Koreans might quickly enable its residents to make use of blockchain-based digital identification (ID) as an alternative of bodily playing cards as quickly as 2024, because the nation additional embraces blockchain expertise.

In response to an Oct. 17 report from Bloomberg, a plan from the federal government will see digital IDs embedded as an app inside cellular gadgets sooner or later, working in a similar way to bodily resident registration playing cards.

The digital IDs are anticipated to launch in 2024, with round 45 million residents anticipated to undertake the expertise inside two years.

An economist at Korea’s Science and Expertise Coverage Institute Hwang Seogwon mentioned the digital IDs may very well be utilized in finance, healthcare, taxes and transportation, whereas the Director-Normal of Korea’s Digital Authorities Bureau Suh Bo Ram mentioned the expertise might assist companies that haven’t but transitioned absolutely on-line.

The plan would additionally see the federal government undertake a decentralized identification system, which means the federal government is not going to have entry to info saved on telephones, together with the digital ID getting used, how they’re used and the place, in response to Suh.

Such expertise isn’t new to the tech-savvy nation, which ranks first amongst all nations in making use of expertise to life, enterprise and authorities, in response to the Portulans Institute, an American think-tank.

It additionally wouldn’t be the primary blockchain-based digital ID resolution put in force within the nation both.

In Aug. 2020, over a million South Koreans had carried out a blockchain-powered drivers’ licence which operates through Korea’s PASS smartphone software.

See also  NFT Collector buys digital art for $ 3 million, the largest sale in 3 years

Shortly after in Sept. 2020, a South Korean authorities company — Korea Web & Safety Company (KISA) — started pilot testing on an identical system.

Associated: Are decentralized digital identities the long run or only a area of interest use case?

Whereas South Korea is seen main the way in which in all issues blockchain and Metaverse, different nations are anticipated to quickly comply with.

A Jun. 2021 examine from market analysis agency ReportLinker estimates that the blockchain identification market will develop an additional $3.58 billion by 2025 — a compounded annual development charge of 71%.

Nevertheless, Brenda Gentry, Blockchain Advisor and CEO of Bundlesbets.com just lately instructed Cointelegraph that irrespective of how succesful and decentralized the ID administration system is, it’ll nonetheless require recognition from authorities authorities or companies:

“If the issuing authorities don’t acknowledge the validity of the blockchain IDs, then the identical can’t be used for availing a majority of public providers. This for my part is the most important limitation.”


Source link

access blockchainpowered Digital IDs Koreans
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Interview with Nieuwe Lukso Coo

2025-05-18

B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

2025-05-18

The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

2025-05-17

Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Cobie says we will return if someone buys this $ 20 million NFT

2025-05-08

Real? Anyone want to buy back FTX?

2023-10-26

Cardano’s recovery strengthened – Ada Eyes Breakout above this level

2025-02-24
Editors Picks

Crypto.com Exchange Secures ‘In Principle’ MiCA License, Paving the Way for Full European Union Approval

2025-01-19

Will Dogecoin Skyrocket Soon? Chart pattern suggests yes

2025-01-20

Bitcoin miners rejoice as transaction fees rise

2023-09-08

The NFT market looks brutal. Here’s what’s needed for a turnaround.

2023-08-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Interview with Nieuwe Lukso Coo

Gold multiplier ratio called Bitcoin Top in 2021, this is what it says now

The sale of Chainlink starts: will the retail trade hold the line this time?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,623.340.10%
  • ethereumEthereum(ETH)$2,503.690.34%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.390.57%
  • binancecoinBNB(BNB)$644.500.02%
  • solanaSolana(SOL)$169.730.57%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2205821.60%
  • cardanoCardano(ADA)$0.76-2.18%
  • tronTRON(TRX)$0.2728941.18%
  • suiSui(SUI)$3.840.73%
  • chainlinkChainlink(LINK)$15.661.55%
  • avalanche-2Avalanche(AVAX)$22.940.56%
  • stellarStellar(XLM)$0.2909830.12%
  • hyperliquidHyperliquid(HYPE)$26.72-0.81%
  • shiba-inuShiba Inu(SHIB)$0.0000151.76%
  • hedera-hashgraphHedera(HBAR)$0.1939150.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-2.92%
  • bitcoin-cashBitcoin Cash(BCH)$398.630.84%
  • the-open-networkToncoin(TON)$3.121.25%
  • litecoinLitecoin(LTC)$98.28-2.59%
  • polkadotPolkadot(DOT)$4.72-0.12%
  • moneroMonero(XMR)$343.742.24%
  • bitget-tokenBitget Token(BGB)$5.131.85%
  • pepePepe(PEPE)$0.0000133.21%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.747.71%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$426.791.62%
  • uniswapUniswap(UNI)$5.950.65%
  • aaveAave(AAVE)$225.86-0.20%
  • nearNEAR Protocol(NEAR)$2.77-0.39%
  • aptosAptos(APT)$5.191.33%
  • okbOKB(OKB)$53.00-0.29%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.111244-3.41%
  • internet-computerInternet Computer(ICP)$5.230.05%
  • ethereum-classicEthereum Classic(ETC)$18.360.45%
  • gatechain-tokenGateToken(GT)$21.600.38%
  • crypto-com-chainCronos(CRO)$0.098890-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.044.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2377512.29%
  • mantleMantle(MNT)$0.73-0.13%
  • vechainVeChain(VET)$0.0282351.04%
  • render-tokenRender(RENDER)$4.631.19%
  • ethenaEthena(ENA)$0.3802630.46%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • filecoinFilecoin(FIL)$2.871.72%
  • arbitrumArbitrum(ARB)$0.3898583.43%
  • algorandAlgorand(ALGO)$0.2202940.27%
  • bitcoinBitcoin(BTC)$103,623.340.10%
  • ethereumEthereum(ETH)$2,503.690.34%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.390.57%
  • binancecoinBNB(BNB)$644.500.02%
  • solanaSolana(SOL)$169.730.57%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2205821.60%
  • cardanoCardano(ADA)$0.76-2.18%
  • tronTRON(TRX)$0.2728941.18%
  • suiSui(SUI)$3.840.73%
  • chainlinkChainlink(LINK)$15.661.55%
  • avalanche-2Avalanche(AVAX)$22.940.56%
  • stellarStellar(XLM)$0.2909830.12%
  • hyperliquidHyperliquid(HYPE)$26.72-0.81%
  • shiba-inuShiba Inu(SHIB)$0.0000151.76%
  • hedera-hashgraphHedera(HBAR)$0.1939150.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-2.92%
  • bitcoin-cashBitcoin Cash(BCH)$398.630.84%
  • the-open-networkToncoin(TON)$3.121.25%
  • litecoinLitecoin(LTC)$98.28-2.59%
  • polkadotPolkadot(DOT)$4.72-0.12%
  • moneroMonero(XMR)$343.742.24%
  • bitget-tokenBitget Token(BGB)$5.131.85%
  • pepePepe(PEPE)$0.0000133.21%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.747.71%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$426.791.62%
  • uniswapUniswap(UNI)$5.950.65%
  • aaveAave(AAVE)$225.86-0.20%
  • nearNEAR Protocol(NEAR)$2.77-0.39%
  • aptosAptos(APT)$5.191.33%
  • okbOKB(OKB)$53.00-0.29%
  • ondo-financeOndo(ONDO)$0.941.39%
  • kaspaKaspa(KAS)$0.111244-3.41%
  • internet-computerInternet Computer(ICP)$5.230.05%
  • ethereum-classicEthereum Classic(ETC)$18.360.45%
  • gatechain-tokenGateToken(GT)$21.600.38%
  • crypto-com-chainCronos(CRO)$0.098890-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.044.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2377512.29%
  • mantleMantle(MNT)$0.73-0.13%
  • vechainVeChain(VET)$0.0282351.04%
  • render-tokenRender(RENDER)$4.631.19%
  • ethenaEthena(ENA)$0.3802630.46%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • filecoinFilecoin(FIL)$2.871.72%
  • arbitrumArbitrum(ARB)$0.3898583.43%
  • algorandAlgorand(ALGO)$0.2202940.27%