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In March, Korean telecommunications company KT Corporation will launch a blockchain-platform based on the Baas concept for local business.
KT presented the concept of interested business clients at the presentation this week. The project is implemented in order to increase the availability of the blockchain technology in the local market.
The platform was developed with the participation of the KT Corporation Blockchalter, which launched a commercial network in July 2018.
"The KT Corporation platform will reduce the barriers to the input of the blockchain and create an ecosystem, which can grow with its partners, said the company's vice president and head of the center of the SEO Yang-Il (SEO YOUNG-IL). "We will continue to develop the blockchain industry in South Korea."
At the presentation of the platform, there were 43 companies whose representatives discussed the use of the blockchain in their activities.
The Government of South Korea intends to promote the spread of the blockchain. Previously, Seoul's authorities announced that by 2022 they invest $ 1 billion in the Startaps in the field of Finteha.
Early KT Corporation announced the work on the project of its own token in Kimo-take-up K-Token is scheduled for April.
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