SK Telecom to Launch Blockchain Technology for its Customers

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SK Telecom is Launching a Blockchain-based Platform for Authenticating Customers’ Identities

South Korean telecommunications driver SK telecom declared the arrival of an asset management administration for Blockchain tech, and additionally a platform for linking Blockchain startups with investors, nearby news outlet The Korea Herald reported.

As stated by Oh Se-hyeon, the official VP of the telecom operator’s Blockchain division:

“The service will allow users to manage all bank accounts, credit cards, mileage points and other non-financial assets, including cryptocurrencies, in one basket, and enable transactions of the assets based on trust.”

Se-hyeon revealed that SK Telecom’s new tech platform, the “Token Exchange Hub,” will be backing the Initial Coin Offerings (ICO) from claiming startups by offering both “technological and financial consultants.

Se-hyeon Included:

“The service will allow users to manage all bank accounts, credit cards, mileage points and other non-financial assets, including cryptocurrencies, in one basket, and enable transactions of the assets based on trust.”

Business tech outlet ZDNet likewise reported today that SK telecom would be utilizing a Blockchain-based true sake confirmation system to its membership and confirmation administration.

As stated by the reports, same time SK telecom doesn’t plan to issue its own tokens, the center will serve as a regulatory and technological center for enterprises to raise funds through initial coin offerings.

The move goes a month barely after rival South Korean telecoms firm, Korea Telecom (KT), affirmed plans to superior ensure its framework for a blockchain-powered security result.

The project, dubbed “Future Internet,” will give people and businesses earn remunerates for transmitting information in a peer-to-peer fashion, as opposed to centralized portal operators such as Google.

Suzat Fernandes

Suzat Fernandes is an entrepreneur, with a variable experience in customer relationship management, inbound marketing, Learning Management Systems (LMS), eLearning content development and overall training strategies. She is an experienced and creative content writer and she takes content marketing initiatives to the next level. She is writing cryptocurrency and blockchain news, weekly blog posts, whitepapers, eBooks, datasheets, presentations, and more. She possesses experience in using compelling copy to educate the market on product offerings and industry information.