South Korea’s leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use a new telecommunications system powered by blockchain security solutions.
Speaking to the The Korean Herald, the head of the company’s blockchain center at the Institute of Convergence Technology said:
“By using blockchain technologies, data will be secured from hackers as transmitted through the unforgeable blockchain network and users will be transmitting their own data with one another based on trust with no need to rely on third-party OTT businesses.”
The end goal is for KT to rebuild South Korea’s network infrastructure using blockchain technology over the next few years.
One of the company’s chief researchers, Seo Young-il reportedly said that “blockchain will be (among the) central technologies for digitization in the fourth industrial revolution.”
Write: Sara Bauer