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SK Planet accelerates Moca Community adoption with MOCA token purchases
Digital platform SK Planet has confirmed will probably be shopping for MOCA tokens from the open market because it continues its deployment of Moca Community’s AIR expertise for its 28 million customers.
It hasn’t revealed what number of tokens it'll require and over what interval, however the MOCA worth is up 15% previously week.
A part of the South Korean teleco big SK Telecom, SK Planet is the platform enterprise arm of SK Telecom, working varied providers together with 11street, OK Cashbag and Syrup.
It’s planning to make use of Moca’s AIR Account and AIR Identification programs throughout its whole ecosystem to allow its 95,000 retailers to confirm customers’ non-public knowledge with their express permission, guaranteeing that possession of their knowledge stays underneath the management of the person.
Moca Community makes use of zero-knowledge proofs in order that retailers can confirm their customers fulfil authorized and different necessities with out the customers’ knowledge being shared to the retailers. One instance may very well be that retailers may confirm their customers are authorized South Korean residents with out the person’s particular citizenship knowledge being shared.
SK Planet’s adoption of the tech can even allow customers to earn rewards and make the most of its pockets options to handle their rewards, together with through token swaps, staking, and different functionalities.
As well as, SK Telecom’s adoption of Moca Community can have implications past its personal providers as person knowledge generated on SK Planet’s platform will probably be straight verifiable by different companions utilizing AIR Package, making this non-public knowledge interoperable throughout a number of ecosystems.
“Partnering with Moca Community allows SK Planet to convey decentralized id and privacy-preserving verification to our tens of millions of consumers and service provider companions,” commented SK Planet’s chief enterprise officer Kyosu Kim.
“By leveraging AIR Package and AIR Pockets, we will develop the advantages of OKI Membership and reward our customers with MOCA Coin whereas giving them higher management over their knowledge. This can be a strategic step ahead in aligning with world requirements for person privateness and digital id.”
Moca Community’s undertaking lead Kenneth Shek added, “By becoming a member of Moca Community’s id ecosystem and enabling merchant-side verification with person consent, SK Planet is demonstrating how giant client platforms can undertake decentralized id to ship each privateness and utility. This can be a highly effective validation of our mission to construct a worldwide interoperable id layer powered by MOCA.”
Different firms utilizing Moca Community’s ID stack embody Sony’s Soneium blockchain, real-world asset blockchain Plume and Turkish gaming market Oyunfor.