Busan, South Korea’s second biggest city, seeks to develop a local crypto in partnership with BNK Busan Bank. Busan, South Korea’s second most-populous city after Seoul, is considering the launch of a local cryptocurrency, Korean tech news publication ETnews reports July 1. According to the report, Busan city authorities are seeking to develop a blockchain-based […]
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The incentive scheme for data collection will reward participants in Iota tokens, the companies confirm. United Kingdom car manufacturer Jaguar Land Rover will use blockchain network Iota to reward drivers with cryptocurrency for data reporting, the companies confirmed in a press release on April 29. Part of a plan to gather better information on road […]
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The University of Nevada, Reno’s Intelligent Mobility will work with blockchain firm Filament to develop an autonomous vehicle smart city project. A project at the University of Nevada, Reno is developing a new blockchain-powered autonomous vehicle project, according to a press release published on April 23. The Intelligent Mobility project, coordinated by the University of […]
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Hyundai Motor Group plans to apply blockchain in its new smartphone-vehicle pairing performance adjustment technology. South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22. Hyundai reportedly announced development […]
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A financial services subsidiary of leading South Korean automobile manufacturer Hyundai has partnered with IBM. Hyundai Commercial — a financial services subsidiary of leading South Korean automobile manufacturer Hyundai — has announced a partnership with American tech giant IBM to modernize its business model using blockchain. The news was announced on Feb. 13 at IBM’s […]
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South Korea’s largest telecommunications company, KT Corporation, announced that it will develop a local currency platform in the South Korean city of Gimpo. South Korea’s leading telecommunications company, KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo, local media outlet ZDNet Korea reports on Feb. 14. The […]
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South Korea’s Busan has signed an MoU with blockchain firm Hyundai Pay to revitalize the blockchain industry. The South Korean city of Busan has signed a Memorandum of Understanding (MoU) with blockchain company Hyundai Pay, according to a press release published on Feb. 12. According to the announcement, South Korea’s second most populous city after […]
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With IoT back in the spotlight, it’s a good time to look at what impact blockchain has on the industry and what challenges there are to overcome. The spotlight was placed back on the Internet of Things (IoT) recently when Bosch, the multinational engineering and electronics company, tweeted on Nov. 12 about their Cross Domain […]
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The crypto market and blockchain sector in South Korea is thriving with the involvement of major banks and conglomerates. The crypto market and blockchain sector of South Korea, the third-largest digital asset exchange market in the world behind the United States and Japan, have some of the most robust systems and infrastructure in place to […]
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