Shinhan Bank

Blockchain Payment Solution

Korean Credit Card Giant Granted Patent for Blockchain Payment Solution

The major South Korean credit card company Shinhan card finally patents its Blockchain payment solution. As the name suggests, this system will set the spending limits, enable payment in installments and payment processing. Apparently, the firm is the first one in the world to come up with such a credit transaction service…

South Korean Bank implements blockchain to reduce human error

South Korean Bank Implements Blockchain to Reduce Human Error

Shinhan Bank, a commercial bank in South Korea, has begun a project to implement blockchain in its internal processes. The bank will integrate its operations with blockchain and cryptocurrency platforms. It has already implemented blockchain technology in its interest rate swap transactions and wants to automate the financial record-keeping operations.