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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Twigital is a decentralized application (dApp) that enables users to create tokenized digital twins of physical objects. These digital twins are represented as 3D objects, which can be minted as non-fungible tokens (NFTs) on the Hedera network. The platform allows users to memorialize objects in the Web3 space.
The Twigital mobile application is available on iOS where it uses photogrammetry to capture real-world objects. Users can generate 3D models of objects from photographs. The app guides users through this process with detailed instructions and, once created, these 3D models can be minted as NFTs.
A key feature of Twigital is its integration with the Hedera network. Users connect their Hedera wallets to manage digital assets. This enables easy valuation, trading, and viewing of NFT details. The assets created are content-addressed using interplanetary file system(IPFS), providing unique identification for each digital twin. These unique twins can then be linked to minted NFTs. Twigital covers the transaction fees for creating these NFTs, which are factored into the cost of using the service.
Citadel Wallet is a specialized hardware wallet designed to offer robust security and a seamless user experience for individuals interacting with the Hedera Hashgraph network. Its development was supported by HeadStarter's Builder Labs.
It features a full suite of secure storage options focused on providing secure storage and transaction capabilities for Hedera's native cryptocurrency, HBAR, as well as Hedera Token Service (HTS) tokens and non-fungible tokens (NFTs).
The Citadel Wallet device emphasizes high-grade security, incorporating features such as Common Criterial Evaluation Assurance Level 6+ (EAL8+) certified Secure Element and a secure microprocessor featuring Trust Zone technology to protect users' private keys offline.
Citadel Wallet is engineered to support the full spectrum of Hedera network services, including native staking, interaction with smart contracts, and management of various Hedera-based assets. It also features a user-friendly interface and offers both USB-C and secure Bluetooth connectivity for flexible interaction with companion applications and decentralized applications (DApps) within the Hedera ecosystem.
Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.
For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.
The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management.
Fresh Supply Co (FSCO) is an agri-fintech company based in Queensland Australia. It functions on the Hedera blockchain, leveraging Hedera Hashgraph to enhance transparency, traceability, and financing within agricultural supply chains. The company focuses on providing verifiable provenance for agricultural products and digitizing trade finance. By integrating with Hedera, Fresh Supply Co offers immutable record-keeping for supply chain events, which supports the verification of Environmental, Social, and Governance (ESG) credentials for agricultural producers.
Their core offering includes the "Continuity API," which facilitates the flow of payments and data through complex supply chains. This technology enables agricultural exporters to track their produce from farm to consumer utilizing global payment networks such as Mastercard. Fresh Supply Co's platform allows for the tokenization of agricultural assets, turning verifiable supply chain data into a digital asset that can be used to secure financing. This approach unlocks liquidity for farmers and suppliers by providing financiers with greater visibility and assurance regarding the underlying commodities and their movement.