Ubivelox Signs MOU with Coinplug... Blockchain-Based Mobile ID and Virtual Asset Wallet Integration

Ubivelox announced on the 17th that it has signed a Memorandum of Understanding (MOU) with blockchain specialist company Coinplug.

Through the MOU, the two companies plan to expand their business by linking existing operations such as mobile identification cards with enhanced security and virtual asset management using blockchain-based DID (Decentralized ID) technology across various fields including finance, public sector, universities, home appliances, and automobiles.

Kim Jang-jung, Head of Ubivelox, stated, “We expect continuous expansion of our business by strengthening security through mobile identification cards, personal information management, and payment environment support within the smart zone, by discovering new blockchain-based business opportunities and establishing business strategies utilizing DID (Decentralized ID). We plan to further develop into a smart finance company specialized in security and authentication by integrating blockchain DID technology into our diverse product lineup.”

He added, “Based on over 20 years of accumulated business experience, Ubivelox supplies security and authentication chips to public institutions, finance, home appliances, and automobile sectors and develops customized solutions for customers. The MOU with Coinplug, which has built mobile identification cards applying blockchain DID technology, is expected to drive the capabilities of both companies to a new level.”

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