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).
Project Information
Related Projects
Banxa is a global financial technology company specializing in payment processing. Its services provide interconnectivity between the traditional financial (TradFi) system and the digital asset economy. It currently processes more than $10 billion in payments annually for a wide range of clients including Visa, MasterCard, Kraken, and dozens more.
The company’s core service suite offers solutions for the facilitation of fiat-to-crypto and crypto-to-fiat conversions allowing businesses to accept and process cryptocurrency payments while enabling users to purchase digital assets. This allows for the seamless integration of cryptocurrency payments, trading, and compliance solutions enabling one-stop global expansion into more than 150 countries serviced and unlocking new revenue streams for businesses.
Banxa also provides robust compliance tools, including know your customer (KYC) and anti money-laundering (AML) solutions with more than 45 licenses. It also offers trading and wallet infrastructure through APIs and SDKs, enabling businesses to integrate cryptocurrency buying, selling, and holding functionalities directly into their own platforms via the Hedera blockchain.
DaVinciGraph is a comprehensive token management platform operating on the Hedera blockchain network. Its platform is designed to enhance the functionality and efficiency of projects within the Hedera ecosystem through a suite of service offerings for token creators and NFT projects.
Its key offerings include tools for on-chain token management, token locking and vesting, and a token burner service for managing supply called “Blackhole.” This feature allows for permanent removal of tokens from circulation, ideal for creating deflationary effects or making irreversible token commitments within the Hedera ecosystem.
DaVinciGraph also features "DaVinciPics," a service for managing and displaying token and NFT logos consistently across decentralized applications (DApps).
The DaVinciGraph platform offers a token launchpad for new projects to introduce their tokens and a novel airdrop system. It also features the DAVINCI token, which gives holders unique access to NFT and related events. Its overall goal is to support a scaling, secure, and transparent environment for comprehensive token lifecycle management and project funding.
Hashlog is a data verification service that leverages the Hedera Consensus Service (HCS) to create immutable events or data logs. It enables applications and enterprises to submit messages to the HCS, where each message receives a consensus timestamp from the Hedera network, ensuring its integrity and order. This process provides a secure and transparent "proof-of-action" or "proof-of-event" capability.
Its core functionality offers a data trail for on-chain information. Once data is logged via Hashlog to the HCS, it cannot be altered or retrospectively tampered with, providing a high degree of data integrity. This is particularly useful for use cases requiring regulatory compliance, dispute resolution, or the tracking of critical operational processes. Developers integrate Hashlog systems using APIs or SDKs.
By utilizing Hedera, Hashlog provides decentralized trust, cryptographic verification, and public accessibility (if desired) for the logged information. Its applications span across multiple domains, including supply chain management for tracking goods, IoT data streams for device event verification, and legal tech for timestamping documents.
Coming soon..