Virtual Event
June 8-10, 2021
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Tuesday, June 8 • 09:40 - 10:10
Automating Government Policy Loan Process Based on Hyperledger Fabric: Reducing Cost and Improving Customer Experience - Kyusang Lee, Samsung SDS & Do Hyung Kim, Shinhan Bank

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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.

avatar for Kyusang Lee

Kyusang Lee

Head of Blockchain research lab, Research Center, Samsung SDS
Kyusang Lee is the head of blockchain research lab in Samsung SDS, joined in 2014. He was a post-doctoral researcher at NASA Ames Research Center, CA, the USA in 2014, and obtained a Ph.D. degree in Electrical Engineering at KAIST, Daejeon, South Korea, in 2013. His research interests... Read More →
avatar for Do Hyung Kim

Do Hyung Kim

Associate, Blockchain Cell, DigitalR&DCenter, Shinhan Bank
Do Hyung Kim is an associate at DigtalR&DCenter, Shinhan Bank. He joined the team in 2018 and responsible for developing Blockchain and IoT services in banking. Before joining the team, he played a researcher role in Silicon Valley for a year. Prior to that, he worked at Nomura Financials... Read More →

Tuesday June 8, 2021 09:40 - 10:10 CEST
Virtual 2