Hyperledger Global Forum 2021

A policy loan is a type of government loan that funds small businesses through commercial banks by compiling government and related institutions' budgets. Despite the purpose, the disparate loan process between organizations causes heavy workloads. Customers also face the inconvenience of visiting the organizations several times for the application. Samsung SDS and Shinhan Bank developed a loan management platform based on Hyperledger Fabric to provide practical benefits for both organizations and clients. By automating the process, Shinhan Bank can reduce 12,000 working hours per year, and clients also expect shorter loan application time without visiting institutions. The platform also eliminates the risk of a data discrepancy. This session describes the business process and why blockchain is applied. It also discusses tangible benefits, technologies used, and lessons learned.