South Korea-based SK Corporation C&C collaborates with ConsenSys to develop enterprise blockchain hub

SK Holdings C&C, the IT solutions unit of South Korea’s SK Group, has signed a memorandum of understanding (MoU) with blockchain startup ConsenSys.

Under the partnership, the firms will collaborate to develop an “enterprise blockchain development hub” for use by domestic businesses, The Korea Herald reported.

The companies will team to develop an enterprise blockchain business model utilizing “smart contracts” among authorized parties. According to the official release (via online translation:

“The MOU is aimed at creating and developing an 'enterprise blockchain ecosystem' that enables domestic companies to develop killer blockchain services quickly and easily by combining the two companies' blockchain technologies and services.

“The two companies will begin to explore business models for expanding their enterprise blockchain business through joint analysis of their respective blockchain platforms, technologies and services.”

SK said that the new platform may also include the main services and platforms offered by the IT arm’s Cloud Z solution portal that allows companies to develop blockchain-based services of their own. According to The Korea Herald, the available solutions include “a digital identification authentication service based on Hyperledger, a logistics blockchain service for shipping firms, a blockchain-based voting solution and a Ripple-based cryptocurrency launch service platform.”

In addition, the companies have also agreed to operate an Ethereum development trainer program by the end of the year and have discussed the development of a blockchain curriculum for developers best-suited to meet the needs of the Korean market.