K4SECURITY signed a business agreement (MOU) with DANUBE TECH to create a Decentralized ID ecosystem.
K4SECURITY (CEO Kyung-cheol Park) signed a business agreement (MOU) with DANUBE TECH (CEO Markus Sabaddello) to create a Decentralized ID ecosystem.
Decentralized ID is a digital identity verification system that allows online users to manage and control their identity information (digital ID) without a central agency. We ensure sovereignty and convenience of personal information by selecting and providing only information that suits the purpose to the verification agency.
Decentralized Identity, or Self-Sovereign Identity (SSI), is the new global standard for digital identity. The market is increasingly understanding the potential and value of this technology across both public and private sectors, and in Europe, decentralized IDs are being fostered at the government level.
Danube Tech is a leader in decentralized identity technology, standards and interoperability in Europe, and K4SECURITY is a leader in standardization and deployment of decentralized identity technology in the Korean market.
The two organizations decided to establish a technological partnership to promote the standardization and supply of decentralized identity (ID) technology and to cooperate with each other to revitalize the mobile ID and blockchain industries, including the development of blockchain-based public services.
K4SECURITY CEO Park Kyung-cheol will establish an international technological partnership to promote the standardization and supply of Decentralized identity (ID) technology and expand international cooperation to revitalize the mobile ID and blockchain industries, including the development of blockchain-based public services. “He said.