BC Card Applies for Domestic Patent for 'asset certification NFT' to R…
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BC Card Offerings
BC Card announced on the 13th that it has applied for a patent for a "non-fungible token (NFT)" that can prove personal asset details even in financial accidents such as various national disasters and computer failures.
The patent application technology is key to MyData and Blockchain. Customers will update their assets in all financial sectors, including banks, insurance, and securities firms, to BC Card through BC Paybook's MyData service (internal assets). This information is imaged and stored as an NFT in the blockchain. When stored as an NFT, customers will be provided with a "digital wallet" for free.
BC Card expects the service to significantly increase stability, convenience, and security compared to paper accounts in the existing financial sector. BC Card explained that BC Card customers will be able to keep their assets safe even if electromagnetic pulsar (EMP) explodes, which completely paralyzes all financial systems.
In addition, all account information can be authenticated through BC Card MyData service in the future. In addition, it will be able to be provided anytime, anywhere by NFT. In the event of a financial company's computer failure, this NFT can be used as a certificate for the asset. BC Card is also planning to collaborate with 'KT', which has the best blockchain technology in Korea, and 'VP', a group company in charge of electronic payment.
Meanwhile, BC Card is also preparing patent applications to five Stan countries, including China, Southeast Asia, Mongolia and Uzbekistan, which are conducting global businesses, starting with the patent application. Kwon Seon-moo, managing director of BC Card, said, "We have planned related services to address customers' concerns due to computer failures at financial companies. We expect to replace existing paper accounts and contribute to the stability of the domestic financial market by preventing bank runs caused by various financial accidents."
