Jeonju-si, 54931,
South Korea
Jeonbuk Bank Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Jeonbuk Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1218 Jeonbuk Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Jeonbuk Bank has purchased the following applications: OmniOne Blockchain for Blockchain Platform in 2021, Google Tag Manager for Tag Management in 2019 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Jeonbuk Bank is running and its propensity to invest more and deepen its relationship with RaonSecure , Google or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Jeonbuk Bank revenues, which have grown to $150.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Jeonbuk Bank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| RaonSecure | Legacy | OmniOne Blockchain | Blockchain Platform | Blockchain | n/a | 2021 | 2021 |
In 2021 Jeonbuk Bank began onboarding OmniOne Blockchain, the OmniOne Blockchain application in the Blockchain Platform category, as part of Korea's BankID decentralized identity rollout. Jeonbuk Bank implemented OmniOne Blockchain to enable decentralized identity creation and authenticated bank logins, aligning the Blockchain Platform with retail digital onboarding and credential issuance business functions.
The implementation centers on decentralized identity creation and a mobile wallet capability that stores user attributes such as mobile phone number, address, e-mail and a bio identity component that may include facial recognition. Public reporting indicates that verifiable credential issuance information and the decentralized identifier are recorded on-chain at a minimum, and the solution is described as compliant with W3C decentralized identifier standards. Functionally the deployment supports single proof identity issuance, selective disclosure of credential attributes between banks, and consumer-controlled storage of identity details on the smartphone wallet.
Deployment and development were a joint effort between the Korea Financial Telecommunications and Clearings Institute and Raon White Hat, a subsidiary of RaonSecure, the developer of OmniOne Blockchain. The BankID rollout went live with seven banks on August 27, 2021, and Jeonbuk Bank was scheduled to join a broader cohort to reach 16 banks by year end 2021 alongside peers such as Shinhan Bank, Woori Bank and Kookmin Bank. Raon and OmniOne are also noted participants in parallel identity projects, including an LG CNS initiative for a blockchain-based driver license, and the design anticipates interoperability with robo-adviser and other financial applications that accept bank issued verifiable credentials.
Governance is organized through the Financial Distributed ID Promotion Council with banks acting as verifiable credential issuers and processes reoriented toward once only identity proofing and attribute sharing workflows. Reporting highlights a privacy consideration in storing decentralized identifiers on-chain, which could create an extensible digital trail that links credentials to names and addresses, and this privacy tradeoff remains an explicit area for clarification. The consortium plans to extend bank issued verifiable credentials to non-bank use cases, for example proving creditworthiness when renting an apartment.
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Legacy | Google Tag Manager | Tag Management | CRM | n/a | 2019 | 2019 |
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