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Korea Exchange opens its KRX Startup Market Exchange with blockchain technology [2016.11.16]

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The Korea Exchange has launched its KSM (Korea Startup Market) service that provides a marketplace where the equity shares of startup companies can be traded in the open market. Blocko Inc., a local blockchain startup, participated in the project and implemented its blockchain technology for document and identity authentication. The KSM service has applied this technology by using Coinstack, Blocko’s proprietary blockchain-based development platform.

 

Blocko has secured the highest number of client references within Korea by providing its Coinstack platform to Korea’s JB Bank, Lottecard, KISA, Paygate and others. Blocko raised a series A round funding of $1.3 million from Samsung Venture Investment Corporation in July 2016.

 

Won-Beom Kim, Blocko Inc. CEO, said, “This is the first example of commercialization in which blockchain is applied to the Korean over-the-counter stock market.” He added, “We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.”

 

Coinstack is serviced in two ways, Cloud and On-premise, and supports all types of applications and protocols available via the Bitcoin blockchain. Furthermore, Coinstack is a development platform that supports both blockchain-based contracts and Ethereum-based smart contracts, enabling companies to easily apply blockchain-based functions to its services.

 

Click here for the full article [Korea Exchange Launches Blockchain-Powered Private Market - CoinDesk]

Click here for the full article [Korea Exchange launches blockchain-powered startup marketplace - EconoTimes]

Click here for the full article [Korea Exchange Opens Its KRX Startup Market Exchange with Blocko's Blockchain Technology - Taiwan News]

Click here for the full article [Korea Exchange Launches Korea Startup Market using Blockchain Technology - Crowdfund Insider]

Click here for the full article [New Korea Exchange Opens with Blocko's Blockchain Technology - ETHNews]

Click here for the full article [Korean stock exchange launches Blockchain-based startup market - BRAVE NEWCOIN]

Click here for the full article [Korea Exchange Launches Blockchain-Powered Private Market - COINALERT]

Click here for the full article [Expect a "Surge of Blockchain Adoption" Across South Korean Business and Industry Sectors - BITCOIN MAGAZINE]

Click here for the full article [韩国交易所采用Blocko区块链创立初创企业交易所 - SOHU]

 

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