South Korean and German Telecom Giants Partner to Build Blockchain Identity Platform

SK Telecom (SKT), the largest wireless carrier in South Korea, and Deutsche Telekom, one of the top telecommunication companies in the world, are partnering to a blockchain-based mobile identification solution. According to a February 21 press release from SK Telecom, a Memorandum of Understanding between the two firms is to be formalized during the Mobile World Congress (MWC) 2019, which begins on February 25.

The partnership will see SK Telecom work with T-Labs, Deutsche Telekom’s research and development division. The goal is to develop a commercialized, blockchain-powered mobile identity solution that can be used for applications such as access control, dealings, and contracts, the company said in the release.

“Mobile blockchain identification can be utilized in a variety of areas including logins both online and in offices. Beginning with the latest collaboration, we will further spur the innovation of information and communications technologies,” a spokesperson for SK Telecom told The Korea Times.

The companies’ blockchain solution will offer more autonomous and secure management of sensitive information, with SK Telecom telling reporters that their blockchain-powered identification solutions could ultimately replace government documents, including passports.

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