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Berith, a blockchain business platform, that has improved security with a triple safety system including login ID/passwords, a private key, and transaction approval numbers has been attracting attention as the government is tightening its sanctions to solve security problems in cryptocurrency.
The financial authorities are striving to continue to regulate the cryptocurrency market but to foster blockchain technology. The development of the blockchain technology will be promoted as much as possible, but they have the will to continue the sanctions against an excessive speculative transaction.
One of the biggest reasons for the restrictions on the monetary functions of cryptocurrencies is that it could damage ordinary investors interests by hacking exchanges caused by vulnerable security. The industry experts are offering alternatives to building security-enhanced systems. Berith Coin of the blockchain business platform 'BERITH' is one of those alternatives.
The Berith Platform consists of Berith Coin as well as Berith Wallet and Berith Pay. In addition, security features such as login password, a private key, and transaction authorization numbers are enhanced by a triple security. Private key backup is also supported by server or application depending on user's choice in case of loss of its private key.
The Berith Project implements the loyalty membership service utilizing mileages and points in a blockchain network. Berith Coin recently signed a MoU with the Korea Food Service Industry Association and the Kyeryong Food Service Association. Berith system allows customers to pay for coins at the merchant's shop, as well as convert the accumulated points to a different cryptocurrency. Berith Coin will also offer smart contract-based pre-order, delivery, secondary trade, and talent trading services.
Berith said, "We are actively promoting the value of cryptocurrency as a new means of payment rather than being altered as a means of simple speculation." In addition, "Triple security is also characterized by the fact that the concern has been dispelled. "
[source] https://m.news.naver.com/read.nhn?mode=LSD&mid=sec&sid1=004&oid=030&aid=0002754170