Turkcell To Use Blockchain In Mobile ID Management
Turkcell, an Istanbul telecom company, announced the release of its new blockchain-based identification service, Daily Sabah reports.
The new solution is designed to improve users control over personal information and ensure data confidentiality in accordance with the General Data Protection Regulation (GDPR). This technology is designed to eliminate data sharing with third parties as the information is stored on the blockchain and does not require additional authentication.
The company also developed software on blockchain to manage charity donations. The system manages identifiers to check the right to donations for those in need.
According to Turkcell’s top manager, Serkan Öztürk, blockchain technology is extremely important for improving the quality of service, which is a top priority in the company's development strategy.
Turkcell was founded in 1994 and has since become one of the largest telecom providers in Turkey. Currently, the company's influence extends to nine countries, and net income for 2018 was about $377 million.
Earlier, the Japanese corporation SoftBank, together with the US telecom company TBCASoft, announced they will lead a research group to explore the blockchain potential in the field of digital identification.