Monday, April 12, 2021
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

S Korean Biz Giants Scramble for Blockchain Supremacy

by firstcryptonews
May 28, 2019
in Coins
S Korean Biz Giants Scramble for Blockchain Supremacy

Three of South Korea’s biggest business groups are looking to step up their blockchain game – as the race to commercialize the technology intensifies.

The KT Group, one of the country’s two leading telecoms companies, has announced plans to launch a blockchain-powered platform for managing medical data for hospitals and clinics.

KI News reports that the company has signed a deal with medical healthcare provider Lemon Healthcare that will see the two firms build a database of medical records, prescriptions and other data. The companies say that patients will be allowed to give healthcare professionals consent to view their medical records, with access history logged at every step.

Lemon Healthcare says it already has existing partnerships with some 40 “major” Korean hospitals where the platform could be introduced, and the two companies say they plan to diversify their blockchain offerings in the second half of this year.

Meanwhile, the Hanwha Group this week also announced it was launching a blockchain-powered platform that will allow art traders, auctioneers and fine artists to buy and sell works. The company has sealed a deal with Seoul Auction, an auction house that will incorporate its technology.

Per Newsis, Hanwha says the platform will go live “in the second half of 2019” – and will be its first commercialized blockchain offering.

Elsewhere this week, Hyundai Group affiliate Hdac Technology, itself the developer of the HDAC Coin cryptocurrency, plans to add a blockchain-as-a-service (BaaS) solution to its offerings. Organic Life reports that Hyundai is also working on construction, real estate, financing and production solutions, all powered by blockchain technology.

Almost all of the country’s major conglomerates seem to believe they will be able to monetize blockchain technology, and have been spending big in an effort to steal a march on one another. KT’s biggest rival SK has also been working on its own blockchain platform and an initial coin offering (ICO) consultancy.

Samsung’s IT subsidiary Samsung SDS has been very active, brokering the world’s first ever international shipping deal to be conducted using blockchain technology. The company last month launched its Next Ledger platform. Samsung Electronics piqued the interest of the crypto-world earlier this year with new smartphones that feature a cryptocurrency wallet.

LG is working with one of the country’s top banks, KB, on a digital token or cryptocurrency project.

Tech giants Kakao and Naver have also been active – the former investing in a range of domestic cryptocurrency projects and launching its own blockchain platform. Naver, meanwhile, has been channeling its efforts through Japan-based affiliate Line, which has been active in a range of international crypto exchange projects.

Related Posts

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

by firstcryptonews
January 2, 2021
0

Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest...

Brad Garlinghouse Open to Move Ripple to Another Country

Brad Garlinghouse Open to Move Ripple to Another Country

by firstcryptonews
October 14, 2020
0

Brad Garlinghouse, Co-founder and CEO of one of the biggest crypto-blockchain companies in the world, Ripple, has expressed his concerns...

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

by firstcryptonews
July 8, 2020
0

This week has started quite well for Cardano. The blockchain’s native cryptocurrency, ADA, is now the seventh-biggest crypto by market...

The “big ones” are already buying

The “big ones” are already buying

by firstcryptonews
July 3, 2020
0

The US technology stocks index Nadsaq 100 has reached new highs in the past few days – and has thus...

WhatsApp Payments Ban in Brazil Reiterates the Necessity for Crypto-Globalization

WhatsApp Payments Ban in Brazil Reiterates the Necessity for Crypto-Globalization

by firstcryptonews
July 1, 2020
0

Facebook has been on a mission to diversify its social media platforms by either independently integrating payment features or merging...

Ex-KFC Worker Busted for Building Bitcoin-Aided Crime Enterprise

Ex-KFC Worker Busted for Building Bitcoin-Aided Crime Enterprise

by firstcryptonews
June 10, 2020
0

Leicestershire, England resident Paul Johnson seemed to be having a ton of success as a tea trader. But according to...

Next Post
Facebook ‘Has Spoken to Visa & Mastercard’ About a Token Launch

Facebook 'Has Spoken to Visa & Mastercard’ About a Token Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dubler Token

Dubler Token (DBT) set to start its public sale on 02 December on VinDAX Launchpad

1 year ago
Over 300 Clients Now Use Ripple-Based Products For Cross-Border Payments

Over 300 Clients Now Use Ripple-Based Products For Cross-Border Payments

1 year ago
Can Trump Ban Bitcoin?: Here’s What Analyst Alex Kruger Alludes

Can Trump Ban Bitcoin?: Here’s What Analyst Alex Kruger Alludes

2 years ago
UCA COIN

UCACoin- A cryptocurrency with high stability.

9 months ago
Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

2 years ago
Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

3 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Will Twitter follow MicroStrategy’s Bitcoin strategy?

Will Twitter follow MicroStrategy’s Bitcoin strategy?

March 2, 2021

Recent News

obortech

OBORTECH Brings Defi Solution to Mounting Supply Chain Crisis

March 26, 2021

Press Release

Multiplays

Multiplays: Blockchain Gaming Reinvented Using NFTs

April 11, 2021

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News