Coinplug's DID real name verification service was selected as an innovative financial service by Korea Financial Services Commission.
The real name verification service using the decentralized identity authentication (DID) of the blockchain company Coinplug (www.coinplug.com) was selected as an innovative financial service by the Financial Services Commission.
Blockchain is designed so that one data is simultaneously recorded on multiple distributed servers, and can only be accessed and entered through a verification and consensus system between them. Through this, it is possible to prevent thorough activation and manipulation of records by linking all vaccine-related data to the blockchain from the beginning of production and distribution.
Unlike centralized exchanges where hacking situations still occur, it is an exchange that allows users to directly trade without intermediaries. It is a long-established DeFi (Decentralized Finance) model that extends from Etherdelta or IDEX, which was the cradle of ICOs at the time of the 2017 ICO craze, to XX Swap (xxSWAP), which heated up 2020. In particular, UniSwap has grown so rapidly that it surpassed Coinbase, the largest virtual asset exchange in the U.S. by volume. The characteristics of decentralized exchanges that have appeared recently are that they all use an Automated Market Maker (AMM) based on a liquidity pool.
Filecoin (FIL), which had a lot of talk and a lot of deception, listed on Korean virtual asset exchanges one after another
Filecoin (FIL), which has been controversial over various suspicions such as multi-level sale of miners and dumping, is listed one after another by Korean virtual asset exchanges. It is pointed out that rather than investing intently to see the effect of a new listing, related issues should also be identified.
In 2020, the Korean blockchain industry had a year to lower the barriers to entry. This is the impact of the release of several blockchain clouds and development tools.
Elysia (https://elysia.land) announced on the 7th that it has signed a technology agreement with Chainlink (Oracle solution) to provide real estate prices.
The perception of virtual assets that are recognized as a means of 'speculation' is gradually changing. The decline in cash value accelerated by Covid-19 is being transferred to virtual assets including bitcoin (BTC), an alternative asset.
While the government is collecting opinions from industry and experts for amendment of the enforcement decree until the 14th in accordance with the enforcement of the Specific Financial Transaction Information Act revised in March next year, it is clear about the issuance of real name verification accounts for investment in virtual assets and prevention of money laundering (AML). There are constant criticisms that it is confusing because there is no standard.
In March 2021, amendments to the Special Financial Information Act that regulates virtual asset business operators are in effect, and a clause prohibiting cross-transaction under the Special Financial Information Act, i.e., prohibiting sharing of order books (trading ledgers), caused the outflow of local wealth.
The pandemic heated up discussions about digital currency. We already know some of the digital currencies. Cryptocurrency is one of them. The recent 1 bitcoin price has exceeded 20 million won, reproducing the glory of 2017.