GroundX, the blockchain subsidiary of the South Korean messaging giant Kakao, has announced it will work with a government-backed agency to develop blockchain projects focusing on social and public services.
According to a report from CoinDesk Korea on Monday, Lee Jong-Gun – who joined GroundX from a UN big data initiative last month – announced the collaboration during the firm’s “Blockchain for Social Impact” event.
For the effort, GroundX will work with the Seoul Digital Foundation, an organization created by the Seoul Metropolitan Government in 2016 to advance digitization of the national capital’s infrastructure.
While Kakao did not provide details of projects that might be developed as part of the initiative, Lee presented several cases where blockchain is being used to solve social issues, such as tracking the temperature during the distribution of heat-sensitive vaccines in developing countries.
The announcement comes just months after Kakao launched its dedicated blockchain subsidiary GroundX in March, with plans to create its own blockchain platform by the end of this year.
South Korea’s internet conglomerate Kakao has invested in blockchain firm Orbs via its venture arm Kakao Investments. The Israeli blockchain startup Orbs became the receiver of an undisclosed amount of funding from the Korean company.
Klatyn, the blockchain platform of South Korea’s Messenger Kakao, announced partnerships with several blockchain-based applications and projects on December 10th, 2018. Bringing Blockchain to the People These projects were selected due to the criteria of also being “large user pool-based service providers.
At its heart, the snowballing problems have raised a core question: how can Chinese families protect their kids and themselves? The idea that blockchain could allow for the more efficient dispersal of data about vaccines spread soon after the rabies vaccine scandal broke.
