Daily Archives: 11/01/2021

Shinhan bank will launch a custodian solution for cryptocurrencies

Shinhan Bank, a major commercial bank in South Korea, has invested in the Korea Digital Asset Trust (KDAC) to offer a crypto asset custody service to its clients. According to inews24, the bank announced an investment in KDAC, a joint venture between the local cryptocurrency exchange Korbit, Blocko and Fair Square Lab. KDAC offers custody solutions for cryptoassets. A Shinhan Bank spokesman said the upcoming cryptocurrency services “will help the bank provide effective custodial solutions…

Hyundai uses blockchain to authenticate auto parts

Auto parts manufacturer Hyundai MOBIS, a subsidiary of Hyundai, has launched a new artificial intelligence and blockchain-based MAPS parts authentication system. The MAPS platform will be used to distribute parts for Hyundai and Kia vehicles. Up to 100,000 people, including 16,000 dealers in more than 200 countries, will have access to the system throughout the supply chain. The system supports three million different parts for 300 car models. Blockchain is used to verify the originality…