KardiaChain and Coinplug to Develop a Decentralized Identity Solution

KardiaChain and Coinplug, a South Korean company, have both collaborated to develop a Decentralized Identity (DID) solution in Vietnam, focusing on the mass adoption of Blockchain. It is a first DID collaboration in Vietnam, and both these firms signed the MoU on July 8, 2020.

KardiaChain and Coinplug:

KardiaChain maintains its status as an industry pioneer by taking on a constructive stance. KardiaChain not only focuses on improving the blockchain technology but also making it available to the mass public by creative means. The firm recently developed a payment portal in Vietnam.

Coinplug is the leading supplier of blockchain technologies for businesses in South Korea. They have established blockchain applications for Korea’s largest corporations, like LG, Hyundai, and KB. It is the first Korean blockchain patent holder, and top second in the globe.

DID Technology:

DID is a blockchain platform that allows individuals, organizations, and stuff to create, handle, and monitor their digital credentials for the management of digital identities. It allows its users to explicitly verify and authenticate their identity without a check or the involvement of third parties.

DID based services in Vietnam:

KardiaChain will work together with Coinplug, who formulates solutions for corporate technology, to create personalized DID solutions. It will be a better fit for the current technology landscapes, to address local business needs, to allow enterprises and end-users to implement them very efficiently.

Models for identity management stay traditional (physical) across Vietnamese organizations. KardiaChain leads as an ambitious organization taking measures to digitize existing outdated and unsuitable conventional identification structures. Technology has advanced phenomenally, for example, platforms such as the-cryptocode.com and many others that allow their users to earn by their digital assets.

MYKEEPPIN- the first DID service in Vietnam:

MYKEEPiN is a comforting security and identification service developed by utilizing DID technologies and SSI (self-sovereign identity).

Members of MYKEEPiN VIETNAM are unified by a shared goal, in Vietnam, to press for widespread acceptance of DIDs. Through combining expertise and knowledge from one another, each participant will collaborate to introduce DID solutions in several specific markets, discuss case studies, and continually improve DID solutions.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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