Professors from the University and other Achain delegates attended the event. The founder, Tony was heard giving a short speech at the event.

The event was opened by Moonki Hwang, a professor from the School of Economics at Sogan University. Hwang gave shout outs to both involved parties, congratulating them on attending the meeting since it’s important for the two parties to work together.

On July 18th 2018, #Achain Founder Cui Meng, announced the Founding of Alabs for Blockchain Research at Achain-#Sogang Technology Exchange Meeting. ALabs will focus on #blockchain tech innovation, seeking breakthroughs in different areas such as blockchain infrastructure. pic.twitter.com/j8CiY3vcty

— AchainOfficial (@AchainOfficial) July 18, 2018

Hwang also spoke about the partnership of Sogang University and Achain as they are expected to come together to even more to create a possible MOU to be signed in the Fall.

Tony also spoke at the conference from a remote location, pushing for the important of research being conducted in Korea and China. Other important aspects are the development of the decentralized technology that is being completed at these places as well. Cui was heard to say that the collaboration of the two entities will provide groundbreaking support for both sides and how blockchain tech develops in the two countries (Chin and South korea).

“Sogang University has a huge talent pool and are pioneering in many areas of scientific research. It’s an honor for me and for Achain to co-organize this conference. Blockchain technology is relatively new. There are many potentials to be uncovered. I believe working together making us move faster in the blockchain realm.”

During the event, Tony spoke about the founding of the ALabs platform. The new announcement was shortly followed by different individuals from ALabs, who introduced the functionality of the system and their overall vision.

ALabs also focuses on technology breakthroughs surrounding blockchain technology, main frames, scalability and management. The labs will also release reports on the research conducted from time to time, so others can benefit from the wealth of knowledge deducted from the last round of research. Other focuses are on making new blockchain improvements according to the needs of specific industries offered by ALabs.

After following ALabs’ new project intro, other developers out of South Korea gave a presentation on their own projects involving blockchain technology. Paygate and Hexlant, showed the strengths and advantages that comes with using Ethereum early on, also asking for more cooperation from ALabs.

The new meeting was successful for the both the company and university. Achain has other successful conferences as wall, mainly with the developers of the countries they are run in like the US and Vietnam. The new strategy around blockchain technology has helped improve relationships between companies like Google and IBM.

The purpose of cooperating with the Sogang University is a smart move for Achain, sure to give the company a huge boost in South Korea as well as the rest of the world.

The company was started in 2015, with the purpose of creating expansion in the blockchain technology sector. Founder of the company, Tony Cui, is a blockchain specialist who saw the potential the blockchain offered the world, from an early standpoint. He made the choice to start Achain as his own company in 2015.

Achain’s main network platform was officially released on July of 2017. Then, in 2018, the company won the Hurun Hundred Fortune Award and the Most Investment Value Blockchain Project Award as well as Public Blockchain of the Year Award at the world famous, World Blockchain Conference held in Wuzhen.

The company operates as a blockchain research institute with a goal of creating the highest functioning, most powerful, blockchain network on the planet. ALabs was started by Achain’s founder Tony Cui to perform research on the scalability, consensus, ledger structure, offline solutions, and sharding of blockchain technology.

Besides the solutions already mentioned, others include: protocol and contract communications, as well as intermediary chain solutions and others as well.

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