L Card
- Blockchain-based authentication service
- The first among domestic credit card companies to int roduce a blockchain payment system
Delivery Type :
System Integration
System Type :
On-Premise
BACKGROUND
- A goal to acquire the largest market share by adopting new technology and leveraging the brand power, as the credit card company with the fifth largest market share
- Proceeded to adopt blockchain quickly with expectations that blockchain will bring to drastic changes to financial market
- Through reviewing the successful implementation results of J Bank, L Card decided to adopt a blockchain payment system with confidence
CHALLENGE
- To avoid using multiple accounts according to different ID/PW policies of each service, and to develop an authentication system that can achieve a high level of security and more convenient user experience
- A need for an architecture that uses TSA (Time Stamping) service at low cost
SOLUTION
- Creating an easy login system and an easy payment system that operates through fingerprint authentication, by developing a blockchain-based biometric authentication solution using AERGO Enterprise OpenKeyChain to replace the current accredited certificate
- Preventing forgery and reducing the cost of using a certified electronic document archiving electronic system by applying blockchain-based TSA
- Reducing initial system installation cost by providing cloud-based AERGO Enterprise BaaS(Blockchain as a Service), and developing a customized infrastructure internally once the system is stabilized.
BENEFIT
- Secure, easy login system and easy payment system were made possible without having to use an accredited certificate
- The first blockchain system to process vast amounts of financial transactions in real-time
- The first case in the industry to successfully introduce blockchain that is currently used by 9 million users