The IOTA Foundation and SinPac have signed a Memorandum of Understanding, a Memorandum of understanding, which shall enter into force with immediate effect and a common cooperation. SinoPac, the Blockchain and Distributed Ledger technologies [DLT] has researched, IOTA examine new innovations that are made possible by the IOTA Tangle log, help.
SinoPac Financial Holdings (SinoPac FHC) is one of the largest Taiwanese financial holding companies, the Pacific region in the Asia. The company was formed in 2002, owns a variety of subsidiaries in various sectors of the financial industry, including banking, securities, Investment, call centre, insurance broking, Leasing and venture capital. The company has a global service network with locations in Hong Kong, Macao, Beijing, Nanjing, Shanghai, Xiamen, Dongguan, Kunshan, Tianjin, Chongqing, Vietnam, Los Angeles and London.
SinoPac has played an active role in the development of the notarial software solution iCertificate, which uses the IOTA Tangle, and the immutability of the data effectively. iCertificate is a notary certification service on all types of digital documents in the public or private sector.
To ensure the security of the data, created iCertificate a Hash as a unique fingerprint, and signed it with the private key of the publisher to encrypt the digital document, eliminating the concern of losing sensitive data, are reduced. A QR-Code, paired with a digital certification, is also generated, to ensure a better user experience. iCertificate is a solution that enables a safe and quick certification for a variety of documents.
Tina Chiang, Senior Executive Vice President and Chief Digital & Technology Officer, SinoPac said in the press release (freely translated):
iCertificate is a major notary service for digital certification applications, not only in educational institutions or public services areas, but also in the trade and Supply Chain industries. We are pleased with IOTA to cooperate. With the support of IOTA iCertificate has been developed as a flexible and extensible Service that brings together the landscape of many scattered and of various digital certificate authorities on a single platform efficiently.
Wilfried Pimenta de Miranda, Business Development Manager for the IOTA Foundation, Norway, said (freely translated):
IOTA is excited to SinoPac highlights your notary certification platform to the next level. It not only shows the potential of IOTA, to take advantage of the Tangle in a variety of business products and services, but also demonstrates the growing practical and real-world usage of the distributed Ledger technology in the financial sector.
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