Seoul, South Korea – November 4, 2026 – Seoul Labs, a South Korean blockchain technology enterprise specializing in decentralized digital identity and financial infrastructure, today announced the upcoming European showcase of its Hybrid Alternative Credit Scoring (HACS) engine at Web Summit 2026 in Lisbon, Portugal, targeting strategic collaborations with European financial institutions and fintech partners.
A New Paradigm in Decentralized Identity and Credit Assessment
Founded to bridge critical gaps in traditional public and financial infrastructure, Seoul Labs develops practical enterprise blockchain services spanning decentralized identity (DID), digital credentials, and alternative credit evaluation. Traditional credit scoring systems frequently exclude individuals with limited credit histories, thin-file profiles, or those operating across digital-asset ecosystems. Seoul Labs resolves this structural bottleneck through its multi-tiered identity and credit platform, opening reliable financial pathways for underserved populations.
The company’s architectural foundation rests on a three-tier DID framework—integrating public database-based DID, financial KYC-based DID, and personal DID—anchored by its proprietary Super Wallet. By securely fusing verifiable credentials with on-chain and off-chain data streams, Seoul Labs establishes a trustworthy identity layer capable of serving both advanced financial markets and emerging economies.
Core Architecture and Features of HACS
HACS (Hybrid Alternative Credit Scoring) serves as the core intelligence engine within Seoul Labs’ Super Wallet ecosystem, generating comprehensive risk profiles for modern digital users:
• AI-Driven Alternative Scoring: HACS employs specialized machine learning algorithms to evaluate non-financial parameters alongside traditional credit bureau records. The system assesses on-chain digital asset holdings, staking behavior, decentralized activity, and mobile wallet transaction histories to quantify creditworthiness accurately.
• Privacy-Preserving Off-Chain Architecture: Sensitive raw personal information and detailed financial records remain strictly off-chain, ensuring compliance with global privacy regulations such as the GDPR. Only finalized, cryptographic credit scores are committed to the blockchain, preventing data tampering while safeguarding individual privacy.
• Chain-Agnostic Interoperability: The scoring framework operates independently of any single blockchain protocol, enabling seamless cross-chain utility and integration across diverse decentralized networks.
• Enterprise API Integration: Seoul Labs acts purely as a technology provider rather than a direct lender. Licensed commercial banks, credit unions, and microfinance institutions query the HACS engine via secure APIs to streamline underwriting procedures for unsecured consumer loans.
Proven Global Track Record and Institutional Validation
Seoul Labs has continuously demonstrated its execution capabilities through cross-border government and public-sector initiatives. Under the Korea International Cooperation Agency (KOICA) ODA CTS Seed2 program, the company is actively deploying a national DID-based identity and academic administration platform across educational institutions in Laos, backed by a 15-year Memorandum of Agreement (MOA) with the Government of Laos.
The company’s technological reliability has been reinforced through formal KTR (Korea Testing & Research Institute) performance verification for its blockchain infrastructure, alongside venture enterprise certification and financial backing from the Korea Technology Finance Corporation. In recognition of its technological impact, Seoul Labs was honored with the CVC Innovation Award at the 2026 Global ImpactPreneur ceremony, organized jointly by the UNDP Seoul Policy Center and the Hyundai Motor Chung Mong-Koo Foundation.
“Financial exclusion remains a systemic challenge worldwide, as traditional scoring mechanisms fail to capture the economic potential of users navigating modern digital and mobile economies,” said Jang Dohee, CEO of Seoul Labs. “HACS proves that decentralized identity and transparent alternative scoring can empower individuals without compromising data sovereignty. Web Summit 2026 provides an exceptional platform to establish co-design partnerships with forward-thinking European lenders seeking to expand their unsecured lending portfolios responsibly.”
European Market Expansion and Strategic Road Ahead
At Web Summit 2026, Seoul Labs aims to secure strategic co-design partnerships with European credit institutions and fintech leaders, conducting localized technical validations aligned with European banking directives and data sovereignty frameworks.
Moving forward, Seoul Labs plans to utilize its operational successes in Laos as a springboard to scale its Super Wallet infrastructure into broader ASEAN markets, including Cambodia, Myanmar, and Vietnam. Concurrently, the company will advance its European pilot initiatives, establishing HACS as a globally viable, privacy-first benchmark for inclusive digital finance.
About Seoul Labs
Seoul Labs is a South Korean technology company dedicated to developing enterprise blockchain infrastructure, decentralized digital identity (DID), and financial inclusion solutions. Through its proprietary Super Wallet and Hybrid Alternative Credit Scoring (HACS) platform, Seoul Labs delivers secure, privacy-preserving digital identity frameworks and alternative credit metrics to public institutions, educational organizations, and licensed financial entities across domestic and international markets.
Press Contact
Kim Sung-jun
Marketing Manager
Seoul Labs
Email: henry@seoullabs.io
Phone: +82-10-3599-1854
Website: https://www.seoullabs.io/
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