Korea Minting Corp Completes Blockchain Public Payment Infrastructure Proof of Concept
The Korea Minting and Security Printing Corp has successfully implemented a blockchain-based system covering the full cycle of charging, payment, settlement, and transaction data protection as part of its preparations for a future digital payment environment.
The corporation, which carried out the project jointly with Viva Republica, operator of the fintech platform Toss, verified the technical feasibility of linking existing public payment infrastructure with blockchain-based CBDC through a proof of concept.
A test environment was built for local gift vouchers, separate from any live commercial service, and used blockchain-based CBDC to top up local gift voucher tokens, then implemented the entire payment process through to merchant settlement.
The blockchain infrastructure was built on Optimism, an Ethereum layer-2 ecosystem. The corporation confirmed the technical feasibility of integrating blockchain-based CBDC with public payment infrastructure such as local gift vouchers.