The Electronic Times and Korea University’s Blockchain Research Institute are joining hands to create an ecosystem of blockchain, which is considered as one of next-generation Industry 4.0 technologies.
The Electronic Times and Korea University’s Blockchain Research Institute signed a MOU (Memorandum of Understanding) for co-development of a next-generation blockchain platform.
They are planning to work together in various areas such as development and research of a next-generation blockchain platform, examination of business strategies, laws, and systems for creation of new businesses based on blockchain, promotion of qualified individuals for vitalization of blockchain-based businesses, and support of operation of a blockchain foundation center.
“We are extremely pleased that The Electronic Times is going to work with us in establishing a blockchain ecosystem.” said Director Lin Ho of Korea University’s Blockchain Research Institute. “With this partnership as an opportunity, we are going to work together in various businesses and promote blockchain industry.”
“We are going to promote and advertise various systems related to blockchain and become a communication window that can publicize blockchain to people in South Korea.” said Vice-President Yang Seung-wook of The Electronic Times. “We are going to work together with Korea University to raise South Korea as one of the blockchain powerhouses in the world.”
On the same day, Korea University’s Blockchain Research Institute held a opening ceremony and formed a ‘private blockchain platform development’ consortium with about 30 South Korean companies. This consortium will create comprehensive platforms in medical industry, distribution industry, and financial industry. Shinhan Financial Group, Mirae Asset Group, Sejong Telecom, Kyobo Life Insurance, Kim & Chang Law Firm, Yulchon Law Firm, Barun Law Firm, Soosan INT, KLNET, Glosfer, Finotek, and TOBESOFT are participating in this consortium.
It will also look for unicorn companies at the same time through blockchain platforms. Korea University is planning to open a blockchain business incubator with its Blockchain Research Institute. Participating companies can use Korea University’s blockchain platforms for their businesses as well as blockchain qualified professionals from Korea University. Development of blockchain technologies for real-time distribution of large data will be done by Professor Lin Ho (Computer Engineering Department) who is also the director of Blockchain Research Institute. Various research will be done by different professors such as Professor Jung Ik-rae (development of a technology for designing blockchain agreement algorithms), Professor Oh Hak-joo (development of a technology for verifying safe Smart contract), Professor Joo Jae-geol (development of a technology for monitoring machine learning-based blockchain transactions), Professor Lee Hui-jo (development of a technology for verifying weak points of open sources), and ETH University from Switzerland (development of network to respond to internet DDoS attacks).
Besides these developments, Professor Lee Dae-hee of Korea University’s Law School will be responsible for legal and systemic supports while Professor Lee Yong-kun of Computer Department and Professor Lee Sang-heon of Korea University’s College of Medicine will be responsible for support and care of startups and research on medical information respectively.
Staff Reporter Gil, Jaeshik | osolgil@etnews.com