Samsung Created a Blockchain Platform for Banks

samsung launches a blockchain platform

Samsung SDS Co., a subsidiary of the Samsung group, which provides information technology services, announced the development of a blockchain-based certification platform called BankSign. It is designed to facilitate the implementation of transactions between different banks.

Users will be able to conduct transactions in different mobile applications, but data verification can be performed only in one program. To authenticate users, you need a password, a fingerprint or a pattern.

According to representatives of Samsung, the technology will help increase the security of users, which is provided by the integration of banking systems into a single data exchange network. Blockchain also contributed to the fact that the certification data of users remain valid for three years.

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