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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SKUx is a fintech company developing a payments solutions platform for the retail and consumer packaged goods (CPG) industries. Its mission is to eliminate the fraud and inefficiency that plagues the traditional promotional offer industry by creating a secure, transparent, and real-time system for offer delivery, redemption, and settlement.
The core of SKUx's service is its Smart Incentives platform, which transforms traditional coupons and rebates into serialized, payment-based offers. A key product is SKUPay, a patented technology that enables item-level payments, allowing brands to deliver value directly to consumers for specific products at the point of sale. The platform is designed to be seamless for consumers and requires no special integration for retailers, while providing brands with transparency and proof of ROI.
SKUx uses the Hedera Consensus Service (HCS) to create an immutable and auditable record of all offer-related transactions, from issuance to redemption. This provides a "single source of truth" for all parties in the ecosystem.
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Evercity is a Berlin-based company that was founded in 2018. It streamlines and automates the issuance of sustainable finance instruments. The company's primary goal is to make green finance more accessible, transparent, and cost-effective, particularly for small and medium-sized enterprises (SMEs). Its core offering is a green debt and carbon origination platform, a SaaS solution that automates the entire lifecycle of sustainable finance, from structuring and issuance to monitoring and reporting.
The platform integrates with IoT and satellite technology to collect real-world data, which is used to verify the performance of green projects and prevent "greenwashing." A key feature is the ability to issue fully traceable digital assets, including carbon credits and sustainability-linked bonds.
Evercity's platform leverages Hedera Guardian to create a verifiable and immutable record of a project's environmental impact, from initial funding to the final reporting of outcomes, in order to provide trust and transparency to the sustainable finance market.