KEB Hana Bank said Tuesday that it had joined Hyperledger and Enterprise Ethereum Alliance (EEA), the global blockchain consortia, for the first time in the Korean banking community ahead of its full-blown service of Global Loyalty Network (GLN) this year. This wrapped up KEB Hana Bank’s endeavor to join the global big 3 blockchain consortia, following its entry into R3 CEV in April 2016.

KEB Hana Bank’s GLN is a global finance platform that would allow banks, payment service providers and distributors to collaborate to freely settle funds and send money. Financial consumers can use GLN to exchange and use digital assets freely anywhere abroad. Participants in GLN are also able to share distributed ledgers, clear accounts and send money swiftly and safely through blockchain

KEB Hana Bank has been performing various activities as the front-runner in the financial blockchain segment, including entry into R3 CEV for the first time in Korea. With its accession to the three global blockchain consortia, the bank will collect information about new technologies and trends of overseas blockchain projects more systematically and create synergy effects by making the best use of consortium members at home and abroad in its projects.

KEB Hana Bank Deputy President Han Jun-seong said, “We look forward to seeing more business opportunities as well as GLN expansion based on standardized blockchain technology along with members of Hyperledger and EEA.” /edshin@decenter.kr

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