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LG CNS and the Financial institution of Korea introduced on Jan. 22 that they’ve performed Korea’s first demonstration of an agentic AI-based digital foreign money auto-payment system the place synthetic intelligence (AI) performs every thing from product search to buy choices and funds.
This demonstration is a part of “Mission Hangang” that the Financial institution of Korea has been conducting since final 12 months. LG CNS emphasised that it’s important in that it applied next-generation fee infrastructure the place AI autonomously performs the whole business transaction course of, using a digital foreign money platform the place deposit tokens—digitized financial institution deposits—flow into. The demonstration additionally confirmed the potential of increasing digital foreign money utilization sooner or later by verifying the soundness and effectivity of AI auto-payment utilizing blockchain-based digital foreign money.
LG CNS and the Financial institution of Korea arrange a digital content material creator as a digital persona for this demonstration and assumed an precise business setting the place content material sources are bought from a number of platforms for content material creation. Based mostly on this, they applied an automation state of affairs the place AI brokers carry out product search, comparability, and buy choices, and verified technical stability and effectiveness.
In actuality, digital creators expertise inconveniences of repeatedly logging in and making funds throughout a number of platforms when buying content material sources similar to photos, audio, and AI companies, and conditions the place they buy with out sufficiently evaluating costs and high quality steadily happen. The digital foreign money auto-payment system resolves these inconveniences. It mechanically searches for and compares content material sources wanted by creators, decides on purchases, and completes funds with digital foreign money after receiving delegated authority from customers inside pre-set circumstances.
This method is designed in order that purchaser and vendor brokers autonomously talk throughout the scope of delegated authority. Auto-payment between brokers is performed by way of the switch of deposit tokens between patrons’ and sellers’ digital wallets on the digital foreign money platform. The Financial institution of Korea plans to proceed analysis to assist stablecoins and different digital currencies just like deposit tokens as fee strategies sooner or later.
In the meantime, LG CNS serves as the primary contractor for the Financial institution of Korea’s Mission Hangang, answerable for blockchain-related know-how growth and platform development. The corporate beforehand accomplished development of the Financial institution of Korea’s digital foreign money platform and performed actual transaction assessments from April to June final 12 months concentrating on roughly 80,000 prospects from seven collaborating banks. At present, as a part of follow-up actual transaction enterprise, they’re getting ready a authorities subsidy execution pilot undertaking based mostly on digital foreign money platform.
Kim Hong-geun, government vp and head of the Digital Enterprise Division at LG CNS, mentioned, “Now we have confirmed the technical chance of digital foreign money auto-payment construction based mostly on Agentic AI know-how,” including, “Based mostly on this, we are going to proceed to assist the Financial institution of Korea in proactively getting ready future fee infrastructure.”
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