South Korean electronics giant LG has announced that it’s launched its own blockchain service, Monachain. The service was launched through the company’s information technology service unit, LG CNS. According to The Korea Times, the service is aimed at capitalizing on the lucrative emerging field of blockchain-based services especially in the fields of telecommunications, manufacturing and finance. Championing The Decentralized Economy Monachain will offer various decentralized services, one of which will be a digital authentication and certification service. For this, it will use an all-new type of identifier known as the decentralized identifier (DID) for verifiable, self-sovereign digital identity. The DID systemPowered by WPeMatico
