|Title||[The Korea Herald] KT unveils world’s first blockchain-powered commercial network|
Telecom giant plans to apply blockchain to 5G, finance, energy platforms, and build blockchain-based infrastructure nationwide
South Korea’s leading mobile carrier KT unveiled what it called the world’s first blockchain-based commercial network on Tuesday, and announced its aim to create the most trusted network for individual users and businesses.
In telecommunications, blockchain technology can be used for efficient and secure data distribution and transactions, said Seo Young-il, head of the KT Blockchain Center at KT’s Institute of Convergence Technology, who has been working for more than three years to develop such a network.
KT has overlaid blockchain nodes to the layer of its high-speed commercial network established nationwide in order to make the existing network more secure and transparent. .......
Source Link : http://www.koreaherald.com/view.php?ud=20180724000652
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