SEOUL, March 13 (Reuters) - LG CNS has announced that it will launch its own blockchain service 'Monachain'.
'Monachain' is an enterprise block-chain platform that can be applied to a variety of industries, including finance, public, communications and manufacturing.
The three main key functions of the blockchain service 'Monachain' are: digital certification, digital community currency and digital supply chain management.
As the local source reports, Monachain enables a new type of identification, a decentralized identifier (DID), that can be used for personal identification and online payments via smart devices.
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