• Mon, 26 Aug 2019, 06:54 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Graph Blockchain secures deal with South Korea's Ministry of Transportation for blockchain-based pilot project

Image from NAI 500

Tue, 25 Jun 2019, 06:39 am UTC

Blockchain development firm Graph Blockchain announced that it has partnered with South Korea’s Ministry of Transportation to initiate a pilot project for blockchain-based traffic data storage, according to a news release published on Global Newswire.

As per the announcement, the $55,000 CAD (~$41,723 USD) contract aims to provide solutions to modernize and protect data for its “Smart City” initiative. Graph Blockchain reportedly utilizes the open source Hyperledger Fabric framework to develop blockchain solutions with near real-time data processing and intuitive data visualization.

The team is doing a fantastic job securing new business opportunities with multi-national corporations and government agencies, this will provide a strong foundation as we continue to search for gaming opportunities that will expand and diversify the Company for our shareholders,” Graph Blockchain’s CEO Jeff Stevens said.

Meanwhile, Korea Post, the national postal service of South Korea, wants to integrate blockchain technology to its billing system. The initiative, which will receive 800 million won (~$677,000 USD), is part of the “Digital to Digital Convergence Projects” launched by the Ministry of Science, Technology, and Information.

In addition, South Korea’s largest power provider, Korea Electric Power Corporation (KEPCO), has inked a deal with Nambu Electrica Power and Korean Southern Power Co. (South Power) to build a blockchain-based system for transacting Renewable Energy Certificates (RECs).

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,355.70 (+2.58%)
  • Ethereum (ETH) $190.85 (+0.65%)
  • XRP (XRP) $0.272600 (+0.57%)
  • Bitcoin Cash (BCH) $312.39 (+1.72%)
  • Litecoin (LTC) $74.46 (+1.98%)
  • Bitcoin (BTC) $10,355.70 (+2.58%)
Aug 26, 2019 (Monday)
04:09
Crypto startup Circle eyes $100M fundraise for its crowdfunding arm SeedInvest
04:05
BitPay, Blockchain.com team up to offer a new way of bitcoin spending
04:04
Binance offers lifetime VIP membership to hack victims, blames KYC vendor for image leaks
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft