Expanding LINFINITY Footprint into the South Korea Market with the Help of Political, Academics and Business Community
Blockchain implementation has always been the key initiative at LINFINITY. LINFINITY CEO, Mr Anndy Lian had a fruitful discussion with Mr Taehee Woo, former Counsellor of the South Korean Embassy in the USA; Professor Youngsoo Park of Yensei University of Korea, and Mr Charles Lee, CEO of Blockchain Lab.
LINFINITY Dapp, LINFINITY’s Latest Commercial Achievement, Received Significant Political, Academic and Business Interest
Anndy has spoke of the success of LINFINITY Dapp in terms of its strict anti-counterfeiting protocols: “LINFINITY is a blockchain company that focuses on building a trusted business ecosystem for the supply chain, addressing issues such as authenticity and efficient transmission of data for traditional supply chain by uploading data to blocks.” During these talks, Anndy demonstrated LINFINITY Dapp’s security measures further, using the success of the Lingzhi healthcare products brand produced by Singapore Scientific Tradition to demonstrate this. Taehee Woo, Chairman of the Industrial Development Committee of the Korea Blockchain Association, stated that “The success of blockchain, must be the success of the whole industry – indeed, the success of the whole society – if it is to create real value. I greatly appreciate that LINFINITY has always focused on the commercial applications of blockchain, using innovative technologies to serve the entire supply chain industry.”
South Korea’s legalisation of Bitcoin and development of a short-term blockchain development strategy to nurture 10,000 industry talents and 100 blockchain companies showcases their intent to become world leaders in the field, according to a report issued by BlockData. The Korea Internet & Security Agency revealed that the South Korean government plans to expand the number of blockchain projects within the public domain – with a dedicated KRW ₩ 10bn+ (USD$9m+) budget.
Youngsoo Park, Professor of Yonsei University of Korea, said: “The Korean government has been paying great attention to the development of blockchain technology, and Gyeongbuk has now become a major blockchain industrial center, especially within the field of government public utility services. It is likely to become South Korea’s first pilot province integrating both municipal services and blockchain technology. Taehee Woo expressed hope for the success of these services, stating that they “looked forward to more exchanges and cooperation with enterprises such as LINFINITY, to jointly promote the regulation and development of the entire blockchain industry.”
After the meeting, Anndy Lian concluded that the LINFINITY commercialisation process has always been carried out on the basis of market demand, and, so far, it has strategically co-operated with several brands to provide specialist LINFINITY blockchain technical support for a number of international companies.
Based on the success of these talks in Gyeongbuk, it is hoped that LINFINITY will actively expand the South Korean market, both in terms of its own successes and broader applications of blockchain technology, in the pursuit of showcasing the excellent services of LINFINITY to South Korean enterprises.
For more information about LINFINITY and their future activities, please visit www.linfinity.io or contact [email protected]
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