J Bank

AERGO

Delivery Type :

System Integration

System Type :

Cloud (AERGO Enterprise on AWS)

BACKGROUND

A belief that the main agents of the financial services that were provided exclusively by the financial companies will be changed to customers themselves through digital innovation
The decision of J Bank to introduce blockchain to its system, with expectations that the blockchain will change the dynamics of financial services. J Bank have been expecting such changes since before the cryptocurrency boom began
Plans were made to introduce a blockchain-based easy login system as an authentication system to replace the accredited certificate login that caused the greatest inconvenience for customers

CHALLENGE

As J Bank was establishing the world’s first case in the banking sector to offer a blockchain solution, there were difficulties in obtaining references and the project seemed to pose a high risk
Amount of time and cost that exceeded the expectations
Difficulties in demonstrating security for blockchain-based authentication

SOLUTION

Designing an easy login system using pin code by introducing AERGO Enterprise(formerly known as COINSTACK)
Developing an architecture that meets the latest compliance guidelines for the financial sector
Consulting Financial Security Institute to have blockchain security certified
Holding regular blockchain training sessions for effective collaboration with the client

BENEFIT

Provision of easy and highly secure login without having to require a accredited certificate
Customer satisfaction and an increased number of customers achieved through applying blockchain into easy and secure login system
A successful development of a brand image as an innovative financial enterprise, being the world’s first case in the banking sector to offer a blockchain solution
Served a role as a driver for other enterprises and financial sectors to adopt blockchain, being a successful case in the financial sector to adopt blockchain