Shinhan Card Introduces Blockchain for Certified Used Goods Warranty... Digital Warranty Pilot Service

Introduction of Blockchain Technology for Authenticity Guarantee of Secondhand Goods with Bungaejangter

[Asia Economy Reporter Yu Je-hoon] Shinhan Card announced on the 13th that it has launched a pilot service of 'Digital Warranty' based on blockchain technology in collaboration with Bungaejangter.

The Digital Warranty service is a service that certifies the authenticity and ownership of products using blockchain technology, which eliminates concerns about loss or forgery. It also has the advantage of being able to track the distribution path of the product, as it includes the unique serial number of the purchased product, product information, and appraiser information.

The newly launched Digital Warranty service is provided for products sold at Bungaejangter's offline stores, BGZT Lab branches 1 and 2, and BGZT Collection (excluding some products).

After purchasing a product, customers can scan the QR sticker on the guide to receive the Digital Warranty issuance page, and after issuance, it can be checked through the Shinhan Play application. Customers who did not purchase with Shinhan Card can also use the Digital Warranty service through Shinhan Play. The service is planned to expand to 10,000 products within the year and will automatically end when the quota is exhausted.

Starting with the pilot service of Digital Warranty, Shinhan Card plans to develop various blockchain-based lifestyle payment services through partnerships with manufacturers and distributors, expanding blockchain services in existing areas. Tae-hyun Yoo, Head of Shinhan Card's Digital First Division, said, "The introduction of Digital Warranty using blockchain technology has increased the reliability of secondhand transactions and provided convenience to customers," adding, "We will pioneer blockchain lifestyle payment services necessary for customers in line with Shinhan Financial Group's vision of 'Easier, More Comfortable, and Newer Finance.'"

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