South Korea to launch blockchain-based digital ID scheme by 2024

ID Card

The South Korean government is working on a blockchain-based digital ID for its citizens that could launch as soon as 2024.

According to Bloomberg reporting, South Korean citizens will soon have access to digital IDs embedded in their mobile phones to function in the place of physical resident registration cards.

The blockchain-based IDs would be fully decentralised so that the government cannot see how or when the ID is being used.

They are planned for a 2024...