Hana Bank Unveils Korea University Student ID Featuring Blockchain Technology

[Asia Economy Reporter Minyoung Kim] Hana Bank has introduced a university student ID card based on blockchain technology.

Hana Bank announced on the 10th that it will apply its self-developed 'OneQLedger' to the student ID card issuance process at Korea University. This is the first outcome since signing a blockchain business agreement with Korea University in April last year.

OneQLedger is a blockchain platform that allows participating institutions to share data in real time on the blockchain network and verify the authenticity of information.

By adopting OneQLedger, the workload will be drastically reduced. Previously, the process was complicated, involving manual verification of the academic information of the issuance target between the bank and the university before final issuance. However, through the blockchain-based distributed ledger, sharing and mutual verification of the academic information of the issuance target between the two institutions can now be done in real time.

Going forward, Hana Bank plans to expand this technology into various fields by increasing information sharing with other institutions and building a system that can simplify supporting documents.

Han Junsung, Vice President of Hana Bank's Future Finance Group, stated, “We will continue to launch more convenient and innovative financial services utilizing blockchain technology.”

This content was produced with the assistance of AI translation services.