Article: SKT to use blockchain to identify and manage hazardous buildings

Blockchain, Innovation

SKT to use blockchain to identify and manage hazardous buildings

South Korea’s top mobile carrier SK Telecom has joined with an eastern Seoul district to identify and manage the safety of hazardous buildings using its blockchain-based decentralized identity technology.

Decentralized identity (DID) is a blockchain-based identification system that normally generates and gives unique digital identities for individuals. DID was rarely given to objects and structures as the digital identification system is mainly used by online services for the authentication of users.

Using “Initial,” the company’s blockchain-based mobile identity authentication service and internet of things (IoT) devices, the consortium will monitor the structural integrity including large cracks and the slope of old buildings. SKT’s mobile DID system can give digital identity to IoT devices to prevent hacking or forgery.

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Article: (Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

Crypto, Digital Content

(Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

The NFT market will “lower entry barriers to the art scene and encourage more creators to join the market, leading to greater diversity,” the official said.

Globally well-known artist Yoon Da-in, who uses her face and body as a canvas to create optical illusion art, said she was carefully — and positively — reviewing the market.

She said NFTs can offer “important opportunities for me and collectors as my paintings, which only exist for a fleeting moment in time, can now achieve a unique digital status and live on forever in collections worldwide.”

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Article: How blockchain can help cities to unlock supply chains

Blockchain, Innovation

How blockchain can help cities to unlock supply chains

Traditionally suppliers have financed their purchase of goods by providing the latter as collateral to a lender. But with stock sitting in warehouses and factories unable to be processed, such trade finance has stalled. At Supply@ME Capital we have devised a solution based on blockchain whereby we can release funds to the company and take control of their stock in a digital ledger without having to physically acquire the materials. The company can then buy back the stock at cost with a fee payable to Supply@ME Capital when the supplier is in a position to proceed with manufacturing or sales.

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