Samsung’s new tech further blurs the line between banks and blockchain

A subsidiary of Samsung announced it has developed a new blockchain solution to streamline banking transactions for the general public. Samsung SDS, a division of the electronics giant that provides IT solutions, has created a blockchain-powered signature system for the Korea Federation of Banks (KFB). With it, users will be able to send transactions using any supported mobile app after verifying their identitiy just once. Once signed, it is claimed that digital certificates will be valid for up to three years. It was also noted that transactions can be signed using either a password, pattern, or fingerprint. “BankSign is the first…

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https://ift.tt/2PEJLr4 David Canellis August 27, 2018 at 12:01PM