Press Vaisen Completes Registration of Korea's First 'Blockchain-Based QR Ca…
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Date 26-06-18
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Vaisen Completes Registration of Korea’s First ‘Blockchain-Based QR Card’ Patent
Presenting an Inclusive Financial Innovation Solution 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 the first patent in Korea related to a purely blockchain-based QR card. This patent contains core technologies that enable the entire process of financial transactions to be implemented on the blockchain, including token issuance, operation, POS payment processing, and blockchain encryption-based withdrawals.
Vaisen’s QR card is attracting 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,” adding, “By providing both the security of cryptocurrency and the convenience of physical payments, we 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.
As a company possessing proprietary blockchain mainnet technology, Byzen is developing blockchain infrastructure applicable in various fields such as finance, commerce, gaming, STO, and RWA. It is characterized by securing stability and scalability by building an independent mainnet without relying on external chains like Ethereum or Solana.
A key achievement is the acquisition of two mainnet patents regarding unique blockchain structures and consensus algorithms; this demonstrates technological competitiveness as a blockchain operating system (OS), going beyond the level of simple token issuance.
Furthermore, the company is pursuing business expansion in the global market by strengthening its brand identity through the application for trademark rights for Korean Won stablecoins (VSKRW, VCKRW, VPKRW, and approximately 30 rights for five other types).
Presenting an Inclusive Financial Innovation Solution 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 the first patent in Korea related to a purely blockchain-based QR card. This patent contains core technologies that enable the entire process of financial transactions to be implemented on the blockchain, including token issuance, operation, POS payment processing, and blockchain encryption-based withdrawals.
Vaisen’s QR card is attracting 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,” adding, “By providing both the security of cryptocurrency and the convenience of physical payments, we 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.
As a company possessing proprietary blockchain mainnet technology, Byzen is developing blockchain infrastructure applicable in various fields such as finance, commerce, gaming, STO, and RWA. It is characterized by securing stability and scalability by building an independent mainnet without relying on external chains like Ethereum or Solana.
A key achievement is the acquisition of two mainnet patents regarding unique blockchain structures and consensus algorithms; this demonstrates technological competitiveness as a blockchain operating system (OS), going beyond the level of simple token issuance.
Furthermore, the company is pursuing business expansion in the global market by strengthening its brand identity through the application for trademark rights for Korean Won stablecoins (VSKRW, VCKRW, VPKRW, and approximately 30 rights for five other types).