Shinhan Card, South Korea's biggest credit card company and a global top-five credit card issuer, has launched a blockchain-powered digital warranty service used to certify the authenticity of products.
South Korean news outlet Money Today has reported that the warranty service is first coming to BGZT - a Seoul-based startup operating a used goods sales platform with which Shinhan Card signed a partnership to expand their strategic alliance on platform businesses about a year ago.
When customers purchase goods from BGZT's three stores in Seoul, they can scan a QR code on the purchased product and receive a digital warranty. They can then check detailed information on the product on Shinhan's pLay mobile application, whether or not the product was purchased with Shinhan Card's credit or debit cards.
The service is expected to checkmate the sale of fake goods. The companies say they plan to sell 10,000 products that can be certified with the digital warranty service by the end of...
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