One million South Koreans have given up their physical driver’s license in favor of a blockchain-based digital alternative is used in conjunction with the PASS smartphone app.
This equates to more than 3% of the total driver population in South Korea.According to Statista, there were 32.6 million licensed drivers in 2019. This is the first authorized digital ID card used across South Korea and approved by the National Ministry of Science and ICT in September 2019.
The project was started in May by the National Police Department in collaboration with the Korea Highway Traffic Authority and the country’s three largest telecommunications providers: SK, KT and LG U +.. Last month, 27 South Korean driving license testing centers used the PASS app to renew and reissue digital driving licenses.
The legally recognized identification solution can also be used for identification and proof of age requirements. like convenience stores and retail chains for cigarettes and alcohol. Users show their license via barcode or QR code in the app. Non-Korean residents will receive English versions of the licenses.
Other industries such as rental cars and carpooling, They are also looking into the possibility of using these IDs as a substitute for personal reviews.
South Korea is for blockchain
This week alone, South Korea announced several blockchain technology integrations. Seongnam’s payment program is expanding with the issuance of new digital gift certificates, and Busan’s beachgoers can pay for services with Bitcoin (BTC) and Ethereum (ETH).
One of the largest banks in South Korea that KEB Hana Bank has partnered with Korea Expressway Corporation to implement a blockchain-based toll system for the country’s highways.
Australian blockchain-based licenses
South Korea isn’t the only country considering moving from existing licenses to blockchain digital formats.. At the end of 2018, the Australian government of New South Wales announced that it would test Ethereum-based digital licenses that can replace physical licenses.
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