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Home»Blockchain»South Korea issues digital IDs secured by blockchain
Blockchain

South Korea issues digital IDs secured by blockchain

January 26, 2025No Comments3 Mins Read
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South Korea is making strides in modernizing its national identification system by testing a new digital identity card that leverages blockchain technology to enhance security. This initiative marks a significant shift from the traditional paper-based ID cards that have been in use for nearly six decades.

The pilot program for the digital identity card is set to launch in nine regions across South Korea, including the cities of Sejong and Yeosu, as well as Geochang and Yeongnam counties. Residents aged 17 and above in these regions will have the opportunity to participate in the trial.

The introduction of this digital identity card is part of a broader initiative by the South Korean government to digitize various identification documents. In 2021, the government rolled out three new digital identification cards, including a mobile driver’s license, a veterans’ registration card, and an overseas ID card.

As governments around the world increasingly shift towards digital services, the issue of cybersecurity becomes paramount. The South Korean government is addressing this concern by implementing advanced encryption and blockchain technology to safeguard the digital identity cards. While the specific blockchain platform being utilized has not been disclosed, previous applications on local blockchain networks like ICON have been explored for document issuance.

In addition to digital identity cards for citizens, the Ministry of Interior and Safety in South Korea is also introducing digital residence cards for foreign nationals residing in the country. These digital cards will hold the same legal validity as physical cards and will grant access to public and private services. Collaboration with local banks is underway to enable the use of digital cards for fintech services.

See also  This Catalyst Will Unlock Massive Demand for Bitcoin and Other Digital Assets, Says CryptoQuant CEO

South Korea is not alone in its efforts to embrace digital identity solutions. Countries like Qatar, Afghanistan, and Nigeria are also making significant strides in implementing digital identification systems to streamline services and enhance security. The global trend towards digitalization is reshaping the way governments interact with their citizens and the services they provide.

In a separate development, former Prime Minister of Thailand, Thaksin Shinawatra, has called for the legalization of digital assets and online gambling in the country. Shinawatra believes that Thailand should capitalize on the growing prominence of digital assets globally, especially in light of recent developments like the rise of stablecoins.

Thailand has been proactive in exploring central bank digital currency (CBDC) systems and is a key player in the mBridge pilot program, aimed at facilitating faster and more cost-effective cross-border payments. With Shinawatra’s advocacy for embracing digital assets, Thailand may see further progress in the regulation and adoption of cryptocurrencies in the country.

Overall, the shift towards digital identity and embracing digital assets reflects the ongoing transformation in how governments and societies interact in an increasingly digital world. As technology continues to advance, countries like South Korea and Thailand are positioning themselves to harness the benefits of digital innovation for the benefit of their citizens.

Blockchain digital IDs issues Korea secured South
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