Samsung Releases Blockchain Platform ‘BankSign’ For Convenient User Transactions

The BankSign platform was launched by the Korea Federation of Banks to let local banks change their approach to verification and put online banking options to Blockchain

Tue, 28/08/2018 - 8:51

Samsung Releases Blockchain Platform ‘BankSign’ For Convenient User Transactions

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The BankSign platform was launched by the Korea Federation of Banks earlier this summer to let local small-scale banks change their approach to verification and put online banking options to a Blockchain format.

By using this app clients can perform transactions through different banks. What they need for this is a certification with just one bank– this is what BankSign gives them.

The app allows getting certification in various ways, even fingerprints and graphic patterns. Samsung promises the certification obtained through this app can be used for three years.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.