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As one of promising blockchain projects in Korea, ‘ASTON’ has successfully ended ICO, specializing in the blockchain technology, X-CHINA. Centered in ASTON platform, electronic document, security, communications related companies plan to cooperate for the global market.
Handysoft and six other companies form a consortium to enhance global organizational capabilities by restructuring their specialized business areas. Members of this consortium include three listed companies (‘Handysoft’, ‘Hancom Secure’, ‘Sejongtelecom’), Korean 1st Certified e-Document Authority ‘KT NET(Korea Trade Network)’, Blockchain Platform Provider ‘Xblocksystems’, BaaSid [BaaSid International Lab(S) Pre Ltd(Taiwan)], and P.R.O [P.R.O Co.,Ltd(Japan)].
Given its involvement with the blockchain technology, consortium participating companies agree joint development of the blockchain network, optimized in electronic document in order to trigger blockchain-based electronic document market as well as the global electronic document storage business. Moreover, these companies will propose a system in which transaction details are stored in a distributed way at the systems of all participants of the network.
SeungKi Kim, who leads the consortium, commented on the move:
“A demand for blockchain-based global business is expected to be explosively increased. We have built consortium to collaborate as partnership companies have recognized the necessity for blockchain-based distribution, logistics, authentication system and storage system in the global market.”
Blockchain-based electronic document market is expected to grow explosively. Korea Blockchain Association estimated Korean Electronic Document Market to be worth 5 billion KRW in 2020. South Korea’s government has been active in the growth of 4th Industrial Revolution as well as Blockchain Technology by revising electronic document related law.