News

LG to focus on blockchain technology

Friday 30 June 2017 08:53 CET | News

LG CNS, an IT subsidiary of Korean LG Corporation, has announced it has started to focus on blockchain technology.

The company is currently working on a blockchain-based finance platform, built using R3s distributed ledger software Corda.

The firm plans to expand its existing digital finance business by creating a digital financial center on the 1st of July, increasing the number of experts to support the initiative.

Up to now, Korean logistics services, finance startups and the central bank have all openly discussed initiatives and pilot projects on blockchain technology.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: LG, blockchain, Korea, cryptocurrency, distributed ledger software, Corda
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events