KT Applies Blockchain Technology to IT Asset Management System

Nov 06, 2018

KT (Chairman Hwang Chang-kyu) is going to apply blockchain technology to its internal IT asset management system and it is going to develop ‘blockchain-based digital asset management system’ to be more effective in carrying out business tasks.
KT announced that it will be sharing inspection contracts and inspection results of its partners through a blockchain-based digital asset management system. By doing so, it will be able to cut the time it takes to do maintenance on IT assets in half.
Also, it applied blockchain technology to software license management system so that application and approval process of using software can be automated. While it took about two days to apply for this software and to actually use it in the past, now companies can apply for it and use it at the same time.

KT Applies Blockchain Technology to IT Asset Management System

KT is planning to commercialize next-generation digital asset management solution that can safely distribute IT assets.
“By applying blockchain technology to digital asset management system, we have maximized effectiveness of this system.” said Director Seo Young-il of KT Convergence Technical Institute’s Blockchain Center. “We are going to expand application of this system to exchange of electric documents between companies, management of real assets, and prevention of illegal use of IT assets.”
Staff Reporter Gil, Jaeshik | osolgil@etnews.com

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