Authentication

The oldest and second biggest banking institution, Shinhan Bank, headquartered in Seoul, South Korea, has adopted blockchain authentication technology for non-face-to-face loans in order to accelerate the loan approval process. The institution, owned by Shinhan Financial Group, announced that it has launched an effective system which validates the documents needed for non-facing loan business in the country by applying blockchain and distributed ledger technology.

LVMH is set to be the first group in the luxury industry to adopt blockchain technology and DLT for traceability and large-scale product authentication in Italy. The French luxury giant, between the months of May and June, should roll out Aura, a blockchain network for the authentication of its products that will initially be reserved for the Louis Vuitton and Perfumes Christian Dior brands, but which in the future could be extended to all other brands controlled by the group.

All students at higher institutions of learning in Italy will be able to secure the authenticity of their academic qualifications using blockchain technology. The technology also enables companies and employers to easily and immediately be validated.

OIN SPACE, the blockchain-based consumer trust ecosystem allowing to confirm authenticity of any purchase, today announced its plans to conduct a $ 30M ICO. OIN SPACE will allow the confirmation of authenticity of any purchase - such as, but not limited to, clothing and footwear, alcohol, essential consumer goods, tickets, medicines.
In the OIN SPACE ecosystem, the authenticity of products will be warranted by a blockchain protocol, eliminating the chance of counterfeiting, copying or bypassing the security system.

A recent patent filed by Lenovo implies that the Chinese technology company will be able to include blockchain tech in a system that verifies the validity of physical documents. The blockchain tech will work as a verification program for the authenticity of physical documents, building a digital map of the document, undersigned with a digital signature.

Paris-based tech firm BCDiploma has announced a breakthrough solution that proposes to provide learning institutions around the world with a blockchain framework to help verify and validate education and data authenticity.

The largest Chinese mining equipment producer and bitcoin mining pool operator – Bitmain – has warned its users about a security breach on one of its servers.

The world’s first commodity exchange for physically settled diamonds, the Singapore Diamond Investment Exchange, has announced that it will be using Blockchain technology for diamond authentication, data archiving, and trading.

Ngee Ann Polytechnic becomes the first educational institution in Singapore to issue blockchain certificates.