Providing Blockchain Electronic Contracts... Shinhan Bank Partners with Modusign

Prospects for Electronic Contracts Within Shinhan 'SOL'

Provided by Shinhan Bank

[Asia Economy Reporter Minwoo Lee] Shinhan Bank is partnering with electronic contract specialist company Modusign to promote services related to electronic contracts.

Shinhan Bank announced on the 13th that it has signed this business agreement with Modusign.

Accordingly, the two companies plan to jointly pursue projects through mutual cooperation such as ▲developing and promoting financial and electronic contract linkage services through platform integration ▲developing services that combine financial and electronic contract data.

Through this, Shinhan Bank plans to build a feature that allows customers using the Shinhan 'SOL' application (app) to complete the entire contract process at once?from creating electronic contracts, entering signatures, to sending?within the 'Shinhan SOL Wallet'.

For example, when a small business franchise owner hires a part-time employee and drafts a labor contract, they can issue and send the labor contract (with free contract format and signature placement settings) from the Shinhan SOL Wallet, and the contract counterpart can authenticate themselves and sign.

Additionally, the two companies plan to advance the service by incorporating blockchain technology into the electronic contract system in the future.

A Shinhan Bank official stated, "The electronic contract function provided to customers through this business agreement is meaningful as an ESG (Environmental, Social, and Governance) expansion service by Shinhan Bank utilizing digital technology," and added, "We will continue to make efforts to enable convenient use of electronic contracts through the Shinhan SOL Wallet."

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