Korea Exchange Opens an OTC Startup Market with Blocko's Blockchain Tech
- Blocko CEO: “This is the first example of commercialization in which blockchain is applied to the Korean over-the-counter stock market.”
The Korea Exchange has launched a new service that provides a marketplace where the equity shares of startup companies can be traded in the open market, called Korea Startup Market (KSM). Blocko Inc., a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup from Korea, participated in the project and implemented its blockchain technology for document and identity authentication. The KSM service has applied this technology by using Coinstack, Blocko’s proprietary blockchain-based development platform.
Blocko raised series A round funding of $1.3 million from Samsung Venture Investment Corporation in July 2016.The startup provided its Coinstack platform to Korea’s JB Bank, Lottecard, KISA, Paygate and other Korean institutions. Coinstack is offered in two ways, Cloud and On-premise, and supports all types of applications and protocols available via the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term blockchain. Furthermore, Coinstack is a development platform that supports both blockchain-based contracts and Ethereum-based smart contracts, enabling companies to apply blockchain-based functions to its services.
Won-Beom Kim, Blocko Inc. CEO, said: “This is the first example of commercialization in which blockchain is applied to the Korean over-the-counter stock market.” He added: “We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.”
Earlier this month it was reported that Seoul-headquartered Shinhan Bank (KRX: 055550, NYSE: SHG) is about to launch a new service based on the Bitcoin blockchain for people who need to send remittances between Korea and China, powered by Streami.
The Korea Exchange has launched a new service that provides a marketplace where the equity shares of startup companies can be traded in the open market, called Korea Startup Market (KSM). Blocko Inc., a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup from Korea, participated in the project and implemented its blockchain technology for document and identity authentication. The KSM service has applied this technology by using Coinstack, Blocko’s proprietary blockchain-based development platform.
Blocko raised series A round funding of $1.3 million from Samsung Venture Investment Corporation in July 2016.The startup provided its Coinstack platform to Korea’s JB Bank, Lottecard, KISA, Paygate and other Korean institutions. Coinstack is offered in two ways, Cloud and On-premise, and supports all types of applications and protocols available via the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term blockchain. Furthermore, Coinstack is a development platform that supports both blockchain-based contracts and Ethereum-based smart contracts, enabling companies to apply blockchain-based functions to its services.
Won-Beom Kim, Blocko Inc. CEO, said: “This is the first example of commercialization in which blockchain is applied to the Korean over-the-counter stock market.” He added: “We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.”
Earlier this month it was reported that Seoul-headquartered Shinhan Bank (KRX: 055550, NYSE: SHG) is about to launch a new service based on the Bitcoin blockchain for people who need to send remittances between Korea and China, powered by Streami.