For the first time in the world, Shinhan Card has developed a blockchain platform whereby all credit card services from setting a ceiling on individuals to clearing bills, will be done.

Shinhan has filed patent applications not only in South Korea but also in the United States, Japan, China, EU, Vietnam, and Indonesia.

So far, blockchain technologies were available for cash transfer and certifying individual identities.

From now on, the Shinhan blockchain platform could even settle bills with the franchised merchants.

Besides, Shinhan customers could pay bills through card-less smartphone mobile apps. The Shinhan technology could also settle bills between different apps.