• Thu, 18 Apr 2019, 06:20 PM
  • All times are UTC
  • Edition:
Link copied

South Korea-based KEB Hana Bank joins Enterprise Ethereum Alliance

Tue, 22 Jan 2019, 09:18 am UTC

KEB Hana Bank, the banking subsidiary of South Korea’s Hana Financial Group, has joined has joined Enterprise Ethereum Alliance (EEA), The Korea Times reported.

Launched in 2017, EEA is focused on developing a set of open-source, standards-based blockchain specifications that can be trusted and utilized globally for the betterment of all businesses and consumers. It currently has more than 500 members including the likes of Microsoft, Santander, JPMorgan, Accenture, BNY Mellon, LG CNS, and many others.

The bank joined Hyperledger, a cross-industry collaborative blockchain initiative, last month. KEB Hana is also a member of the blockchain consortium led by enterprise software firm R3 which it joined back in April 2016.

KEB Hana has become the first South Korean bank to be a member of all three prominent blockchain groups.

The bank said that it is actively joining these initiatives as part of its efforts to launch its Global Loyalty Network (GLN) digital platform this year. According to the official release (via online translation):

“KEB Hana Bank's GLN is a global financial platform that allows banks, settlement companies, and distributors to freely exchange and transfer funds through partnerships. Financial customers can exchange and use their digital assets freely anywhere in the world through this GLN.”

Han Jun-Seong, vice president of KEB Hana Bank, said that the partnerships with Hyperledger and EEA will help the bank to “find new business opportunities through the GLN platform and blockchain."

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $5,289.12 (+0.84%)
  • Ethereum (ETH) $174.99 (+5.04%)
  • XRP (XRP) $0.337100 (+1.15%)
  • Bitcoin Cash (BCH) $307.85 (-0.21%)
  • Litecoin (LTC) $82.86 (+4.13%)
  • Bitcoin (BTC) $5,289.12 (+0.84%)
Apr 18, 2019 (Thursday)
Monex Group considers adding cryptocurrencies amid growing competition
Japan’s FSA to introduce new rules for crypto exchanges’ cold wallets: Report
Wirecard, Telegram’s TON partner to develop digital financial services and banking platform
E-Commerce giant Rakuten opens registrations for its cryptocurrency exchange
Enterprise Ethereum Alliance launches initiative to apply standards to tokenization
Crypto exchange Coinbase expands crypto-to-crypto support to 11 new countries
Crypto exchange Gemini adds full support for SegWit
Israeli shipping giant ZIM joins IBM Maersk blockchain shipping solution “TradeLens”
Ashton Kutcher’s Thorn looks to blockchain technology to eliminate child sexual abuse content from internet
Apr 17, 2019 (Wednesday)
Trading Technologies launches connectivity to bitcoin derivatives platform BitMEX
US SEC and FINRA to discuss digital assets and cybersecurity at National Compliance Outreach Program for Broker-Dealers
Blockchain smartphone maker Sirin Labs lays off 25% of staff
USDT launches on TRON Blockchain
EY launches smart contract testing service for public Ethereum blockchain, announces major upgrades
MUFG, Sozo Ventures back crypto compliance startup Chainalysis’s Series B round
eToroX launches cryptocurrency exchange , announces 8 stablecoins
Hong Kong insurer Blue Cross launches blockchain solution
South Korean telecom giant KT launches 5G-based blockchain platform 'GiGA Chain'
Apr 16, 2019 (Tuesday)
French government to invest €4.5B into blockchain technologies
Accenture and Generali launch blockchain solution for captive employee benefits
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.