blockchain Archives | Be Korea-savvy
S. Korea to Use AI to Better Combat Money Laundering

S. Korea to Use AI to Better Combat Money Laundering

SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s top financial regulator said Tuesday it will use artificial intelligence (AI) technology to automate some of the nation’s probe systems against money laundering. Kim Yong-beom, vice chairman of the Financial Services Commission (FSC), said it will start building the anti-money laundering compliance system using AI next year. [...]

Olympus Labs Launches Pre-ICO Bringing a New Financial Ecosystem to the Blockchain World

Olympus Labs Launches Pre-ICO Bringing a New Financial Ecosystem to the Blockchain World

New York, NY, Nov. 28 (Korea Bizwire) — As blockchain and cryptocurrency companies continue to raise millions of dollars in funding, there’s an urgent need in the market for companies and investors to be able to better manage its cryptocurrency assets with hedging products and tools. Olympus Labs believes that by offering financial tools and [...]

Samsung SDS Wins Contract for Seoul Blockchain Project

Samsung SDS Wins Contract for Seoul Blockchain Project

SEOUL, Nov. 27 (Korea Bizwire) – Samsung SDS announced on Sunday it has won a contract for the Seoul Metropolitan Government’s new information strategy planning project, which could see blockchain technology adopted throughout the local government’s network. Through the new project, the Seoul government will develop a new blockchain model which could be adopted in various [...]

With OwlNest Blockchain Hotel Management Service, OwlTing Targets 30,000 Hospitality Clients by 2019

With OwlNest Blockchain Hotel Management Service, OwlTing Targets 30,000 Hospitality Clients by 2019

NEW YORK, Nov. 22 (Korea Bizwire) — The global travel & tourism industry is a US$7.6 trillion market, roughly 10% of the world’s GDP. Global brands and local hotel owners are facing fierce competition in the internet era. Over decades, hotels need to manage their own booking reservations from many channels and spend long hours [...]

Nasdaq to Deliver Blockchain e-Voting Solution to Strate

Nasdaq to Deliver Blockchain e-Voting Solution to Strate

STOCKHOLM, Sweden and JOHANNESBURG, South Africa, Nov. 22 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) and Strate (Pty) Ltd, the South African CSD, announced today an agreement for Nasdaq to deliver a new blockchain solution that would bring electronic voting to the South African capital markets. The solution will allow Strate, in conjunction with key stakeholders in the [...]

Blockchain Used to Better Insure Homes

Blockchain Used to Better Insure Homes

SEOUL, Nov. 15 (Korea Bizwire) – The uses of blockchain technology are becoming more diversified after a coalition of private enterprise and government entities announced a blockchain-supported “black box” system for buildings. Designed by the Ministry of Science and ICT, the Korea Electrical Safety Corporation (KESCO) and SK Telecom, the new blockchain database will be [...]

Blockchain Advocate Don Tapscott Says South Korea’s Ban on ICOs a ‘Mistake’

Blockchain Advocate Don Tapscott Says South Korea’s Ban on ICOs a ‘Mistake’

GWANGJU, Nov. 2 (Korea Bizwire) — Don Tapscott, a prominent Blockchain advocate, said Wednesday South Korea’s ban on cryptocurrency and its crowdfunding scheme is “heavy-handed regulation” that can hamper innovation and the growth of startups. An initial coin offering (ICO) occurs when firms create their own cryptocurrency and issue it to investors, rather than seek [...]

Investment Firms Announce “Chain ID”, World’s First Blockchain-Based Identification System

Investment Firms Announce “Chain ID”, World’s First Blockchain-Based Identification System

SEOUL, Nov. 1 (Korea Bizwire) – Members of the Korea Financial Investment Association (KFIA) gathered in Seoul’s Yeouido financial district on October 31 to announce the test run launch of “Chain ID”, an identification system built on blockchain technology that was described by KFIA Chairman Hwang Young-key as “the world’s first successful attempt in commercializing [...]

Etherparty Beta Goes Live with Three Real World Use Cases

Etherparty Beta Goes Live with Three Real World Use Cases

VANCOUVER, British Columbia, Oct. 6 (Korea Bizwire) — Easy-to-use smart contracts creation platform Etherparty officially launched their beta release to over 500 pre-registered users. Three smart contract templates are currently available that will enable beta testers to create their own ERC-20 compliant Ethereum tokens, a crowdfunding contract, and a multi-party escrow agreement. A photo accompanying [...]