Samsung has been making headlines with leaked images that bolster rumors that the company would integrate a crypto wallet into its soon-to-be-released Galaxy S10 smartphone, a development that could expose potentially millions of Galaxy users to cryptocurrency. But the electronics giant isn’t the only major Korean conglomerate jumping into blockchain.
As Cryptonews reports, the Kolon Group – a sprawling business group with subsidiaries in auto parts, fashion, construction, healthcare, chemicals
The company’s most recent blockchain venture involves its IT subsidiary, Kolon
Another Kolon subsidiary is working on a cryptocurrency solution that would reward households for saving energy. And yet another is collaborating with a blockchain startup to create a system that allows residents to pay their rent in cryptocurrency.
With their vast financial resources, advanced infrastructure and influential political connections, major corporations can really promote the development and adoption of blockchain technology in Korea. This goes without saying.
A recent article in the New York Times, however, suggests that with corporate investment in blockchain increasingly overshadowing small investors, ordinary people are having an even tougher time making money in crypto. And if you saw blockchain as a means to reduce the control big companies and government regulators had on your life, perhaps corporate- and government-backed projects aren’t
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ANYFIVEform a strategic alliance to offer the first platform for the global patent business powered by Blockchain & AI
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