South Korea's largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service platform next month, local news outlet iNews24 reported on Feb. 21.
KT reportedly revealed the concept to interested business clients at a presentation this week.
The firm says it wants to increase the accessibility of blockchain technology locally.
The platform comes as KT continues its blockchain offerings via a dedicated Blockchain Center, which launched a commercial network in July of last year.
"We will be further developing the blockchain industry in South Korea."
According to the publication, a total of 43 companies were present at the meeting, all interested in understanding what use cases blockchain could fulfil in their operations.
As Cointelegraph reported, on the government level, South Korea is intent on furthering blockchain uptake nationwide.
Earlier this month, lawmakers in Seoul announced they would invest $1 billion into fintech and blockchain startups by 2022.
At the same time, KT is reportedly branching out beyond its core business area, seeking to design and launch its own cryptocurrency in another Korean city, Gimpo.
Reportedly scheduled to launch in April, the firm's "K Token" will have an annual issuance of around 11 billion won.
Korean Telecom Giant KT to Launch Blockchain-as-a-Service Platform in March: Report
Publicado en Feb 21, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.