Korea Telecom Announces Blockchain For Network Security

South Korea’s leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use new telecommunications system powered by blockchain security solutions.

KT’s digital infrastructure project, dubbed “Future Internet,” will let people and businesses earn rewards for using their own data instead of portal operators like Google, which currently monopolize access to private data, said one of the company’s chief researchers, Seo Young-il.

Speaking to the The Korean Herald, the head of the company’s blockchain center at the Institute of Convergence Technology said:

“By using blockchain technologies, data will be secured from hackers as transmitted through the unforgeable blockchain network and users will be transmitting their own data with one another based on trust with no need to rely on third-party OTT businesses.”


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