The operator of paid roads started a system payment on a blockchain

In the middle of August, 2020 KEB Hana Bank conducting commercial bank in South Korea concluded the bargain the state road company Korea Expressway Corporation. Partners agreed about start of the platform on the basis of a blockchain for payment of the road charges on all highways of the country.

The new solution will allow drivers to use the KEB Hana application for bank service of Hana One Q. At the same time drivers will be able not only to pay for travel on credit, but also to receive compensation. Korea Expressway Corporation and KEB Hana Bank operator will use a blockchain for data exchange at journey payment. In the press release it is also specified that both agreement parties decided to use blockchain technology to exclude fraud. The solution will be contactless that is especially welcomed during COVID-19 coronavirus era - it is the next step to failure from cash payment or credit cards.

Start of a system for payment of the road charges on highways

We provide contactless services of payment without the need for personal presence thanks to technologies of the distributed register. Such is new Korean policy of digital space which should help the country to head world economy after end of a pandemic — the head of division of sales of Korea Expressway Corporation Kwang-Ho Lee said.

The transaction was approved by the Ministry of science and information technologies and the Korean agency on ensuring Internet security. In 2019 KEB Hana also got approval of one more project on the basis of a blockchain - the program of mobile digital check. In general the government of South Korea is going to invest $48.20 billion in development of a blockchain and others related technologies till 2025. The purpose of the government - as soon as possible to transfer all companies to digital technologies.^[1]

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