ConsenSys And South Korea’s SK Group Sign Partnership to Build a Blockchain Business Hub

2018-12-5 23:58

ConsenSys, the blockchain company created by Joseph Lubin, the co-creator of the Ethereum network, has partnered with SK Group, a huge tech holding based in South Korea. The two companies have recently signed a Memorandum of Understanding (MoU) and will cooperate to create a blockchain business hub in South Korea

This new enterprise blockchain development hub, as it is being called by the executives, is aimed at building a new blockchain business model in the country featuring the use of smart contracts.

The official information is that the two companies are now beginning to explore the area and that they are researching new business models to expand their blockchains jointly in the country.

Aside from the two companies, the new partnership will also include some other subsidiaries and branches of the companies like ConsenSys Academy and SK Holdings C&C’s Tech Training Center, both companies that have ties with them.

About ConsenSys And SK Group

ConsenSys is certainly focused on bringing innovation and to create new hubs for the blockchain technology all around the world. For instance, just some months ago the company went to China in the region of Xiongan to offer solutions that could help the Chinese to create a “smart city”.

The other company in the partnership, SK Group, also has made several investments in the crypto market so far and has invested in many major companies.

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