Blockchain Personal Authentication Service Released By SBI Savings Bank

Blockchain, Innovation, News | April 2, 2019 By:

South Korean blockchain firm ICONLOOP has announced that its blockchain technology has been integrated to SBI Savings Bank’s personal authentication service.

Based in Seoul, ICONLOOP specialized in the implementation and design of blockchain technology. The company aims to acquire both scalability and security in existing platforms and maximize the utility of blockchain technology with SCORE Smart Contract,

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South Korean Crypto Exchange Coinbin Declares Bankruptcy After $26M Embezzlement

News | February 25, 2019 By:

South Korean cryptocurrency exchange Coinbin is reportedly filing for bankruptcy due to the loss of the wallet manager’s private key, causing financial damage estimated at 29.3 billion won ($26M USD).

Coinbin, which took over hacked crypto exchange Youbit in 2017, said in an announcement on Feruary 20 that the decision to file for bankruptcy was made “due to a rise in debt following an employee’s embezzlement.” As a result,

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South Korean Telecom Giant KT To Launch Blockchain-As-A-Service Platform Next Month

Blockchain, News | February 25, 2019 By:

KT Corporation, South Korea’s largest telephone company, will be launching its blockchain-as-a-service (BaaS) platform next month.

Local news outlet iNews24 reported the telephone company revealed the concept a presentation last week, which was attended by 43 companies that are interested in understanding what use cases blockchain could fulfil in their operations.

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