‘Big Four’ South Korean Bank Enters Blockchain Pact with Telecom Giant KT

South Korea’s second-largest bank Shinhan Bank has entered into a partnership with the country’s second-largest telecoms provider KT Corp for the purpose of developing a new blockchain-based platform. The Korea Times reports that the new platform is intended to build on recent moves by regional governments across the country to introduce digital vouchers. Useful Competencies In July, CCN reported that KT Corp launched a commercial blockchain capable of handling 2,500 transactions per second, in the process becoming the first mobile carrier in the world to build such a platform. The network…