BC Card Strengthens Competitiveness with Digital Finance Patents: "Protecting Customer Assets"

Patent Filing and Registration for Stablecoin and Blockchain Technologies

On May 18, BC Card announced that it has strengthened its financial service competitiveness by filing and registering key blockchain-based financial patents and enabling stablecoin payments, thereby enhancing the safety of customers' assets.

BC Card has filed a patent that supports secure stablecoin payments even in public network communication environments, such as with overseas digital wallet operators and the internet. Previously, card registration, payments, and balance inquiries were handled through dedicated lines with domestic digital wallet providers, eliminating the need for separate wallet verification procedures. However, as global digital asset payments using stablecoins are expected to expand, direct communications with overseas digital wallet operators will likely increase, driving the need for more robust security verification methods.

The core of this patent is a technology that verifies trustworthiness through various validation values when a wallet sends request information to the server. The validation value is a one-time code generated for each transaction, and the server uses it to verify the authenticity and integrity of the request. This prevents the reuse of validation values and blocks forgery attempts, effectively countering advanced security threats.

In addition, the recently registered 'blockchain-based asset authentication non-fungible token (NFT)' patent with the Intellectual Property Office is a technology independently developed by BC Card in 2023. This patent converts personal financial asset information collected through MyData into images for NFT creation and storage, allowing customers to securely prove their asset holdings even during national disasters or system failures at financial institutions.

Recently, there has been growing interest in the global market regarding the impact of hyper-advanced artificial intelligence on financial and security infrastructure, as well as the potential for new cyber threats, spurred by Anthropic's AI model 'Mythos.' Within this changing landscape, BC Card's blockchain-based asset authentication NFT patent stands out as a customer-centric digital safety net, supporting the verification and proof of customer asset information even in cases of external system failures or crises. Compared to traditional paper-based passbook methods, this approach offers enhanced security and convenience.

Kim Youngwoo, CEO of BC Card, stated, "This patent filing and registration demonstrate that BC Card's digital technology capabilities are translating into tangible results. We will continue to deliver differentiated services to our customers based on our technological competitiveness."

Meanwhile, BC Card operates an 'in-house patent reward program' to support all employees in developing and registering their ideas as patents. Over the past five years, more than 50 patents have been filed, and as of the end of last month, BC Card holds the largest number of patents in the secondary financial sector, with a total of 126. Thanks to these achievements, BC Card became the first domestic card company to receive the Minister of Trade, Industry and Energy Award at the 60th Anniversary of Invention Day event last year.

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