• Sun, 17 Nov 2019, 06:51 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Bithumb seeks Indian partners for recently launched blockchain platform ‘Bithumb Chain’

Image: Bithumb Global

Fri, 08 Nov 2019, 07:33 am UTC

Leading crypto exchange Bithumb unveiled its new blockchain platform at its first Bithumb Family Conference in Seoul on Nov. 6.

Called Bithumb Chain, the platform aims to enable the transfer of value, the flow of information, and vertical business integration within a shared blockchain ecosystem. It will empower the recently introduced Bithumb Family – a digital economic platform and financial ecosystem consisting of individuals, institutions, and enterprises in both the blockchain and traditional finance industry.

“Bithumb Chain is a powerful supplement to existing products, services and infrastructure. Bithumb Chain and Bithumb Family will work together to provide infrastructure for blockchain cities,” Bithumb said.

Livemint reported that the company aims to make Bithumb Chain available to Indian companies, startups, and even the government to help them build blockchain-based services and products.

Vincent Poon, Vice President, Bithumb Global, told the news portal that they are seeking partners in India who want to use the Bithumb Chain in their products.

The company, however, does not intend to start its own projects in the country yet.

Poon is particularly impressed with the country’s developer talent, particularly in the area of blockchain applications. He said that he sees several possibilities for blockchain and cryptocurrency in India, despite the ongoing discussions over the legal status of cryptocurrencies.

He noted that the government has not yet passed a bill that will govern the crypto sector, adding that Bithumb will ensure compliance with the laws the government sets in the future.

Speaking about Bithumb Chain, Poon did not reveal the technical details of the platform, but said that developers will be able to integrate the platform with their projects, without the need to “reinvent the wheel". The blockchain platform can be used across industries and adapted to different use cases.

Bithumb’s blockchain efforts in India follow the Indian government’s blockchain push. Prime Minister Narendra Modi has been encouraging the technology’s adoption for quite some time. In February 2018, he said that “disruptive technologies such as blockchain and the Internet of Things, will have a profound impact in the way we live and work.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,542.77 (+0.17%)
  • Ethereum (ETH) $182.51 (+0.34%)
  • XRP (XRP) $0.264000 (+0.10%)
  • Bitcoin Cash (BCH) $266.49 (-0.07%)
  • Litecoin (LTC) $58.49 (+0.92%)
  • Bitcoin (BTC) $8,542.77 (+0.17%)
Nov 14, 2019 (Thursday)
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
ASX-listed firm DigitalX launched new bitcoin fund
Telegram denies all SEC allegations concerning its gram token and sale
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
AFME calls for a common approach for regulation of crypto-assets in Europe
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
CME sets January 13 as target date for bitcoin options launch
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.