Samsung Unveils Blockchain-Based Certification Systems For Banks
Global electronics giant Samsung has launched a blockchain-based certification platform dubbed BankSign. Through the system, transactions between banks will be simplified where users will only need a single certification.
To get approval, users will be able to use fingerprints and different patterns. According to Samsung’s SDS, the platform is meant to enhance security with three years of certification through a shareable network.
Over the years, Samsung has shown an indication of integrating blockchain into its systems. Already, the firm has Nexledger, which was its first blockchain project.
BankSign will be the first product in the market meant for the banking sector with integrated blockchain network as it aims to reach more customers on a global scale.