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South Korea’s Biggest Credit Card Patents Blockchain Payments System

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system, English-language local media The Korea Times reports on July 15.Per the report, with the newly patented technology the company has established a blockchain-powered credit transaction process allowing for setting spending limits,

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Korea’s Cube Systems Rolls Out New Blockchain eCommerce Platform

Blockchain research and development platform Cube System is rolling out its new Cube Chain based public blockchain mainnet, WAVE 1.0 today – July 3, 2019. Kim, Dong-oh, CEO of Cube System, said:  advertisement “Cube Chain is a blockchain platform. By focusing on ecommerce, Cube Chain can be applied to various industries and with our multiple security systems and

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South Korea’s Second Biggest City Wants to Create a Local Cryptocurrency

Busan, South Korea's second most-populous city after Seoul, is considering the launch of a local cryptocurrency, Korean tech news publication ETnews reports July 1.According to the report, Busan city authorities are seeking to develop a blockchain-based digital currency project in collaboration with BNK Busan Bank, a subsidiary of local

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South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance.According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of

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Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27.Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans

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South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22.Hyundai reportedly announced development of smartphone-EV pairing based performance adjustment technology that allows users

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South Korea’s Telecom Giant KT Launches DLT-Powered 5G Brand to Prevent Hacks

KT Corporation, South Korea’s largest telecom firm, has launched its blockchain-powered fifth-generation (5G) network brand, local news agency The Korea Times reports on April 16.Called “GiGA Chain,” the brand intends to boost the security of Internet-of-Things (IoT) devices and to protect them from cyberattacks, the report says.As a part

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