Presenting Inclusive Financial Innovation Solutions for the Elderly and the Disabled

Vaisen (CEO Park Jin-hwan), a blockchain mainnet technology company, announced on the 1st that it has completed the registration of a patent application related to a purely blockchain-based QR card, the first of its kind in Korea. This patent contains core technologies that enable the entire process of financial transactions—including token issuance, operation, POS payment processing, and blockchain-encrypted withdrawals—to be implemented on the blockchain.

Vaisen's QR card is garnering attention as an innovative financial access solution for digitally marginalized groups, such as the elderly and the disabled, who are unfamiliar with using existing payment apps or e-wallet apps. Users can make secure blockchain-based payments simply by presenting the QR card, without the need for separate app installations or complex wallet connections.

CEO Park Jin-hwan emphasized, "This patent is a practical solution that can extend blockchain technology to those with low financial accessibility. By providing both the security of cryptocurrency and the convenience of physical payments, it will be able to resolve blind spots in the existing financial infrastructure." With this patent application, Vaisen has formalized Korea's first unique model that directly links blockchain technology to real-life payments.

This is evaluated as marking a turning point where blockchain can be utilized in everyday payment, withdrawal, and consumption activities, going beyond a mere means of digital asset investment. Reporter Lee Yeon-su

Source: Jeonnam Maeil