Brokerages begin trials of blockchain authentication service
[THE INVESTOR] brokerage firms plan to provide a joint authentication service based on blockchain technology, an official said on July 11.
The pilot project -- which involves 25 securities firms and five blockchain companies -- is set to begin this month, said Lee Sang-gi, an official handling the issue at KOSCOM, the system manager of bourse operator Korea Exchange.
Lee said the brokerage firms plan to provide full-scale financial services based on blockchain around October, though the exact timing could change.
The system operator made the comment in a seminar on electronic finance organized by the Bank of Korea in central Seoul.
By Alex Lee and newswires (firstname.lastname@example.org)