Blockchain company Iconloop has received approval from the South Korean Ministry of Science and ICT to test its decentralized identity or DID technology system for managing driver’s license data in the country.
According to an announcement by the company, the test run is intended to demonstrate the DID’s ability to offer secure data storage while preventing data forgery.
Commenting on the project, Jonghyup Kim, Iconloop’s CEO, noted that the company’s DID platform enables users to better manage their personal information directly from the Zzeung mobile app, rather than using physical driver’s license cards. The app also reportedly gives users better control over their personal information.
Iconloop’s DID test takes place at a time when the acceptance of digital identity among South Koreans is increasing. In August 2020, it was reported that 1 million South Koreans already hold blockchain driver’s licenses.
The proposed test is another government-backed use case for Iconloop’s blockchain-based DID technology system in South Korea. Back in August 2020, it was announced that the administrators of Jeju Island were using DID for contact tracing as part of measures to combat the spread of COVID-19 in the popular tourist destination.
In addition to government agencies, private companies like SaraminHR – a recruiting firm in South Korea – are also reportedly using the DID to authenticate applicants’ credentials. As previously reported by Cointelegraph, Iconloop received around $ 8 million for its DID project.
The decentralized identity remains one of the frequently touted use cases for the blockchain introduction. In light of the increasing incidences of identity theft and breaches of centralized databases, some experts have advocated greater consideration of blockchain-based identity management systems.
In addition to the driver’s license, banking, healthcare, and the travel industry are other potential adoption cases for decentralized identity. Indeed, advances in decentralized biometrics have enabled some countries in Southeast Asia to revitalize their tourism sectors amid the ongoing coronavirus pandemic.