The largest blockchain-focused ecosystem in Korea, ICONLOOP (ICX), has integrated its blockchain technology to one of the largest in South Korea savings bank — SBI Savings Bank’s personal authentication service, states the official press-release that was shared with iHodl.
According to the announcement, SBI Savings Bank’s mobile smart banking application enables users to authenticate blockchain-based personal identification number (PIN) or fingerprints through ‘SBI Simple Authentication.’
The head of ICONLOOP, Jonghyup Kim, claims the app has the opportunity to be "a leading solution in financial markets to enhance both convenience and safety by applying blockchain to services that are actually being used."
"ICONLOOP will work closely with SBI Savings Bank to find synergies in various fields and provide differentiating solutions," he added.
Earlier, ICONLOOP announced its sponsorship with Deblock, Inc., a Japanese company, which is specialized in technology-driven consultation and fundraising for Japanese companies.
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