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LG CNS and KOMSCO Partner to Offer First Ever S. Korean Public Sector Blockchain

“On June 10, LG CNS (an IT service provider operating under LG Group) was granted an order to build a blockchain platform for the public sector that will be used to issue digital gift certificates in South Korea” reports financemagnates.com. Business Korea also reported that LG CNS is also offering an “anchoring” service that combines its blockchain database with cloud storage, enabling users to save their data from other services onto the KOMSCO blockchain.According to Business Korea, this is “the first public [sector] blockchain platform in South Korea.” The order came from the Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) The new blockchain, which is based on LG CNS’s issue digital gift certificates based on Monachain, LG CNS’s own blockchain.
 
Source: financemagnates.com



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