(image: Korea Bizwire)
SEOUL, Nov. 30 (Korea Bizwire) — Efforts are underway to issue digital test result certificates that cannot be forged, using blockchain technology.
The state-run certification institute Korea Testing & Research Institute and local paperless trade service provider Korea Trade Network Co. on Tuesday signed a memorandum of understanding for the issuance and distribution of digital test result certificates.
The certification of product testing is a quality assurance process that is a prerequisite for domestic distribution, export and import.
Thus far, such certificates have been issued only in paper form, causing delays in transactions and making data difficult to use.
Under the partnership, the two parties will introduce an online issuance system for digital test result certificates, aimed at improving the overall efficiency in the process of issuance.
In particular, they will apply a blockchain technology-based security system to prevent any risk of forgery.
The digital certificates issued by the institute will be able to be stored in real time in the e-wallet developed by Korea Trade Network, and submitted in a digital document form to public institutions and companies for confirmation of certification.
Kevin Lee (kevinlee@koreabizwire.com)
