Blockchain, Economy

South Korea catching up with China’s Blockchain-Powered Tech: Reward Tokens and Employee Authentication Enabled

Blockchain-powered employee authentication is taking off in South Korea – with a government firm doing beyond with smart cards in support of smartphone-based answers. The agency will also provide its workforce with blockchain-powered “reward” tokens.

As reported by news agency Yonhap, the Korea Internet & Security Agency (KISA) will formally become the first public organization in the country to start a companywide blockchain-powered mobile employee ID system next month – following related moves in the private sector.

Commercial bank Nonghyup (NH Bank) introduced a Mobile Employee ID platform, also using blockchain technology, in conjunction with telecom giant SK, back in February.

KISA’s system will allow employees to either use near field communication (NFC) technology – a feature of most modern smartphones – or scannable QR codes to gain access to their workplaces via a blockchain platform.

The agency will also require employees to use the new ID platform when borrowing books from company libraries or access cafeterias and coffee shops.

KISA addtionally stated that rewards for outstanding employees would be issued using a tentatively named KISA Coin, which would allow staff to purchase office supplies, snacks, and beverages using the new blockchain-powered tokens.

The organization will roll out its mobile employee ID cards at its Naju headquarters by the end of October, and then to its offices in Seoul and Pangyo offices before the end of the year.

NH, SK, and KISA are all part of a large consortium comprising some of the nation’s most prominent companies – all working with government ministries to implement a nationwide, cross-industry blockchain-based authentication platform that will make use of telecom networks, smartphone technology, and banking platforms. The aim is to do away with paper- and card-based ID in favor of smartphone-hosted solutions.

A blockchain-powered driver’s license, co-built by the nation’s police force, has also proven to be a significant hit. Many retailers accept it in place of proof-of-age documentation.

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