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ICONLOOP Deploys a MyID Platform-Based DID Access Control System at Orange Life

2021.04.20Insight
Blog — ArticleScroll

A MyID platform-based DID access control system is now live at Orange Life headquarters.

A MyID platform-based DID access control system has been deployed at the headquarters of Orange Life, a life insurer leading digital innovation in Korea's insurance industry and a MyID Alliance partner.

Here is how the DID access control system at Orange Life works: visit details are registered in advance, an individual visitor pass is sent out, and the visitor scans a QR code posted at the site through a mobile app to gain entry immediately.

Until now, getting into a company or a public institution meant filling in a visitor log by hand, handing over a physical ID such as a resident registration card in exchange for a pass, or calling up your contact from the lobby and waiting to be picked up — all of it a hassle.

With the DID access control system, visitors walk in quickly and conveniently using a pass issued in advance, with no waiting. For companies and institutions, only visitors who have been verified beforehand are allowed in, which sharply improves operational efficiency. Visitor information is also handled digitally and protected with blockchain technology, so security is strengthened as well.

An Orange Life representative said that before the DID access control system was introduced, inviting a visitor meant going through a complicated process — requesting prior approval from the relevant department, passing that information to reception, and logging visitors by hand — all to establish trust in the visitor's identity and in the visit record. By making identity confirmation unambiguous through blockchain DID and digitizing visit records, the company was able to overhaul the entire process and cut the cost of establishing that trust dramatically.

Watch the video below for a closer look at the system in action. :)

ICONLOOP will keep working with MyID Alliance partners to create DID use cases with MyID across many different fields, building a safe and trustworthy MyID ecosystem and solving real inconveniences for users along the way.

Life Meets Blockchain, ICONLOOP

Orange Life

Since its founding in 1987, Orange Life has contributed to the advancement of Korea's insurance market on the strength of world-class management capabilities and formidable capital. It boasts excellent financial soundness, with total assets of roughly KRW 34 trillion and a solvency ratio of 395.4%, and it leads customers toward a secure financial life through continuous innovation. In February 2019, it became the 14th subsidiary of Shinhan Financial Group, one of Korea's leading financial groups, laying the groundwork for greater growth, and in July 2021 it makes a fresh start as Shinhan Life, the merged entity with Shinhan Life Insurance.

  • Orange Life
  • Orange Life — may our name become your life
  • www.orangelife.co.kr
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