GBC Korea Creates M&A Platform Based on Blockchain Technology

Dec 28, 2018

GBC Korea (CEO Terrance Park) announced that it applied for patents related to ‘M&A platform based on blockchain technology’ in South Korea and foreign countries.
Name of its invention is ‘blockchain-based M&A service system and its operating method’. GBC Korea applied for patents through Bae, Kim & Lee LLC.
GBC Korea announced that it has secured fundamental technology for ‘M&A platform’ that can implement traditional M&A process through blockchain technology. Along with TechCoins located in Silicon Valley, they have started establishing relevant systems including user device.
GBC Korea’s M&A platform introduces blockchain technology to M&A transactions that were difficult to be accessed by regular people so that anyone in the world can participate in a M&A transaction at low cost. Companies that are subjects of M&A will be digitalized and they will be available for M&A transactions within GBC Korea’s platform through Smart Contract.
M&A platform will be based on participants such as investors and sellers rather than agencies such as investment banks.

CEO Terrance Pak (right) of GBC Korea met with Thomas Frey, who was selected by Google as the top-rated futurist speaker, at GBC Korea’s headquarters in Samsung-dong and discussed about M&A platform and future of blockchain. <CEO Terrance Pak (right) of GBC Korea met with Thomas Frey, who was selected by Google as the top-rated futurist speaker, at GBC Korea’s headquarters in Samsung-dong and discussed about M&A platform and future of blockchain.>

Rather than how agencies monopolize information and connect appropriate investors and sellers, M&A platform allows investors to select companies with high potential on their own and it shares every information in real-time.
M&A transactions will take place rapidly and transparently according to standardized procedures from start to finish without any complicated adjustment process by agencies.
Cost of M&A transactions is minimized as well. 20 to 30% of transaction costs that go to agencies will become profits for investors. Also, investors can sell their cryptocurrencies whenever they want after participating in M&A transactions and collect funds. They can easily switch to different M&A projects.
One can participate in GBC Korea’s M&A platform through a cryptocurrency called UCX. 1 billion UCX Tokens were issued through Hyper Swap, which is established in Dubai.
UCX is valued for the next 7 years by a global accounting corporate called Grant Thornton and Yonsei University’s Industry-Academic Cooperation Foundation based on value and growth of M&A platform.
“Despite M&A being a transaction that can create huge amount of profits, it was very difficult for regular people to have an access to it.” said CEO Terrance Pak of GBC Korea. “Our M&A platform allows anyone to participate in a M&A transaction and help people make profits through transparent information.”
Staff Reporter Gil, Jaeshik | osolgil@etnews.com

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