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Blockchain gets 7 million dollar because of Blockco

2019-08-22 02:21 pm | Resource: News Section | No Views : 124

Blockchain gets 7 million dollar because of Blockco South Korean startup Blockchain has won 9 billion Korean won ($ 7.5 million) in a recent round of B + financing involving major local banks.
Blockco Investment, in its own blog, announced on Thursday, August 22, that it has succeeded in getting many companies to participate in the financing round, including: the oldest Shinhan Bank in South Korea and the largest foreign exchange bank in South Korea, Korea Exchange Bank, also known as KEB Hana Bank.
In addition, the new investment was also supported by LB Venture Capital, which focuses on healthcare and the arm of the Dadam Game Amusement Project in Seoul.
Founded in 2014, Blockco reportedly raised 1.5 billion won ($ 1.2 million) from Samsung Ventures in July 2016. As a South Korean blockchain technology company, Blockco established the Blockchain platform as a service called Coinstack back in 2015, and launched the Block chain protocol. Aergo mainnet in 2018.
As mentioned, Blockco was involved in the development of NexLedger's authorized block chain system in collaboration with Samsung Group and Amazon Web Services.Nexledger was released in 2017, an authorized Block chain system that provides integrated solutions for cost-effective methods of managing digital financial transactions and exchange. data.
Meanwhile, Shinhan Bank has recently been reported to develop a block-based equity lending platform in partnership with Directional Financial Services. KEB Hana Bank and Samsung Electronics are members of a South Korean consortium that plans to launch a block-based mobile identity in the country in 2020.
Blockchain technology has gained wide fame in the past few years, as governments in various countries of the world, as well as major economic companies globally, towards this technology, to study and develop it, to apply and achieve successes and accomplish the tasks required of them faster, safer, and transparent. Some have pointed out that this technology is the next development after the Internet, as it is considered much better than it will achieve the abundant good for the whole world.

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