Blockchain Firm ConsenSys Teams With Korean IT Company For Blockchain Business Hub

Blockchain, News | December 4, 2018 By:

New York-based blockchain specialist ConsenSys has teamed with South Korean IT solutions firm SK C&C to develop an “enterprise blockchain development hub” for use by Korean businesses.

Founded by Joseph Lubin in 2015, ConsenSys is developing a variety of applications which operate on the ethereum blockchain. The company is actively involved in numerous blockchain projects and initiatives, including real state platform Meridio, ethereum blockchain explorer, Blockapps Strato, TransActive Grid, EtherSign and Blockstack Labs, among others.

SK C&C, the de facto holding company of the SK Group, South Korea’s third largest conglomerate, offers IT services such as IT consulting, outsourcing, system integration, and system maintenance & repair to just about every sector of industry, including finance, communication/media, energy/chemical, logistics/services, and the public sector.

The two companies signed a memorandum of understanding (MoU) to collaborate on building an enterprise blockchain business model using smart contracts. They will explore business models for expanding their enterprise blockchain business through joint analysis of their respective blockchain platforms, technologies and services.

“The envisioned platform may include the main services and platforms offered by SK Holdings C&C’s Cloud Z solution portal that enables companies to build blockchain-based services of their own,” SK said. “The available solutions include a digital identification authentication service based on Hyperledger, a logistics blockchain service for shipping firms, a blockchain-based voting solution and a Ripple-based cryptocurrency launch service platform.”

The two companies will also launch an ethereum development education program by the end of the year and will discuss the development of a blockchain curriculum for developers that best meets the needs of the South Korean market.