Shinhan Bank is one of South Korea's largest and oldest commercial banks, with a history dating back to 1897. It offers a comprehensive range of financial services, including personal and corporate banking, foreign exchange, wealth management, and investment banking with a focus on digital innovation. It is a member of the Hedera Governing Council.
Its parent company is the Shinhan Financial Group, a major financial holding company in Korea with a significant domestic market share and an expanding international presence across Asia, Europe, and North America.
Shinhan Bank offers a blockchain-based loan management platform through a partnership with the Small Business Market Promotion Corporation (SEMAS). It has also launched a blockchain credentialing system for verifying loan documents and an integrated blockchain-based Decentralized ID (DID) for its mobile banking app, SOL.
Additionally, Shinhan Bank previously partnered with Standard Bank to develop a cross-border remittance system using stablecoins built on the Hedera distributed blockchain network. This enables the issuance and trading of stablecoins pegged to national currencies such as the South Korean won and South African rand utilizing Hedera's Token Service (HTS) and Consensus Service (HCS).
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Logstash is an open-source, server-side data processing pipeline from Elastic NV. It ingests data from multiple sources simultaneously, transforms it, and then sends it to a chosen destination. It is a core component of the Elastic Stack, often used for centralizing and processing logs, metrics, and other event data.
In the context of the Hedera blockchain network, Logstash can be integrated using tools such as the logstash-output-hedera plugin. This specific Java Output Plugin is designed for the Hedera Consensus Service (HCS). It enables Logstash to send processed events or logs directly to an HCS topic. Users configure the plugin by specifying details including their HCS topic ID, an operator account ID, and the associated private key for that operator account. An optional submit key used for topic creation can also be provided, along with the target Hedera network, which can be "mainnet" or "testnet".
By using this plugin, applications can leverage Logstash's data collection and transformation capabilities to then record events onto the Hedera public ledger via HCS. This creates an immutable, verifiable, and timestamped log of the data, enhancing transparency and auditability for any system employing this integration.
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By handling the complex backend processes of payment processing, fraud monitoring, and regulatory compliance like KYC/AML, Transak solves a critical onboarding challenge for the Web3 ecosystem. It eliminates the need for users to leave a dApp, register on a centralized exchange, and manually transfer funds, which significantly reduces friction and improves user conversion rates. The platform supports a wide array of local payment methods across more than 150 countries, including credit/debit cards, bank transfers, and other regional options.
Transak is integrated with the Hedera network. This enables developers building on Hedera to provide their users with a direct and localized on-ramp to purchase HBAR and other Hedera-based tokens.
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The core of AdsDax's service is a self-serve advertising platform that allows brands to create, buy, and sell advertising in a transparent environment. A key feature of their model is the use of incentivised experiences, where consumers are rewarded with digital assets for their engagement with advertising content. This approach, which leverages AI for campaign optimization, is designed to move beyond superficial metrics such as "likes" to drive authentic engagement and build brand loyalty. The platform supports a variety of ad formats, including interactive and video ads, and is utilised by major advertising agencies.
AdsDax uses the Hedera Consensus Service to track and verify millions of advertising events such as impressions, clicks, and conversions in real-time. Each event is recorded on the Hedera public ledger, creating an immutable and auditable trail that provides a single source of truth for advertisers and publishers. This allows for the automated and near-instantaneous settlement of payments to publishers and rewards to consumers using cryptocurrencies.
Barrage is a Croatia-based software development company founded in 2016. It positions itself as a "digital barrage," providing robust and high-quality digital platforms for a global clientele. With a team of over 100 professionals, Barrage specialises in creating custom software solutions, with a strong focus on fintech, data science, and AI.
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