After successfully accommodating more than 43 million users of the country’s COVID-19 vaccination credential app during the pandemic, it is now setting its sights on bigger markets for digital IDs and their verification in Europe and the US.“We will build a global digital identity and authentication infrastructure so we can be a company like Visa,” said Shim Jaehoon, founder and chief executive officer of Hopae, in an interview with The Korea Economic Daily last week.
Hopae also validates credentials and identity with its gateway API service.“We are an identity gateway that verifies someone’s identity or credentials upon request from an online service,” said Shim.“We aggregate authentication APIs so we are also referred to as either an aggregator API or an identity aggregator.”Its proprietary decentralized credential express (DCX) lies at the core of its technology.“DCX is developed based on web standard DID but it is more like a Thunderbolt cable.
INTEROPERABILITYThe Hopae CEO is heading to Paris next month and will stay there for a while to unlock opportunities in Europe where digital identity wallets will become a must-have for all citizens, residents and businesses in EU member countries by 2026 under the eIDAS 2.0.“The (eIDAS 2.0) regulation was enacted in May, and this is a fledgling market.
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