• Wed, 21 Aug 2019, 03:14 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Graph Blockchain secures another blockchain pilot project with Korea Post

Fri, 28 Jun 2019, 03:31 am UTC

Blockchain development firm Graph Blockchain has secured a pilot contract for Korea Post and partnered with Korea Telecom to adopt private blockchain to ensure information privacy.

The Canadian tech firm reportedly uses the open source Hyperledger Fabric framework to make transparent and immutable ledger with near real-time data processing and intuitive data visualization.

According to its press release, the $60,000 CAD (~$45,742 USD) contract aims to store data on Graph Blockchain private blockchain.

We are thrilled to work with Korea Telecom in securing this pilot program with Korea Post. Although small in dollar amount, this pilot contract demonstrates the interest from large institutions to adopt private blockchain solutions,” Graph Blockchain CEO Jeff Stevens said.

The news follows after Graph Blockchain recently closed a deal with South Korea’s Ministry of Transportation to carry out a blockchain-based traffic data storage pilot program. The $55,000 CAD (~$41,723 USD) will see both parties providing solutions to streamline and protect data for its “Smart City” project.

The latest move also appears to be Korea Post's realization to its earlier plan. As previously reported, the national postal service of South Korea wants to integrate blockchain technology into its billing system, an initiative that is a part of the “Digital to Digital Convergence Projects” launched by the country’s Ministry of Science, Technology, and Information.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,628.40 (-2.05%)
  • Ethereum (ETH) $193.36 (-3.62%)
  • XRP (XRP) $0.271700 (-2.97%)
  • Bitcoin Cash (BCH) $311.18 (-3.53%)
  • Litecoin (LTC) $74.74 (-2.36%)
  • Bitcoin (BTC) $10,628.40 (-2.05%)
Aug 20, 2019 (Tuesday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Israeli regulator seeks to expedite licensing procedures for fintech and blockchain firms
Crypto Technicals: Litecoin treads water below 200-DMA, bias bearish
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
New York court denies Bitfinex, Tether's lack of jurisdiction claim
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
Cybersecurity veteran David Damato joins crypto exchange Gemini
Deloitte unveils demonstrational platform for blockchain solutions
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
Philippines' central bank approves 2 new cryptocurrency exchanges
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.