Two of South Korea’s Biggest Institutions in New Blockchain Partnership

[kreslik.news]

Shinhan Bank, the oldest and second largest bank in South Korea, has entered into a partnership with the country’s largest telecommunications company to develop a blockchain platform for processing the digital tokens proposed by some of the country’s regional governments.

According to the Korea Times, the deal will involve the bank working on the financial aspects of the platform while Korea Telecom Corporation develops the blockchain itself.

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Today’s internet is no more than a dump pipe

Korea Telecom, market capitalisation $6.7 billion, supplies the country with 90 percent of its landlines and 45 percent of its ... (read more)