LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Floor X, are partnering to bridge public and company blockchains. The Korea Herald reported on Nov. 21 that the 2 corporations agreed to develop mutually suitable infrastructure.
The pinnacle of LG CNS’ future strategic enterprise division, Ha Tae-Seok, and Floor X CEO Han Jae-Seon attended the formal signing ceremony on the LG CNS headquarters in Magok, Seoul.
An LG consultant defined that there are various inter-chain initiatives within the blockchain trade that want to have the ability to work throughout a number of distinctive networks with a view to achieve success, stating:
“We are going to break down the present boundaries between personal and public blockchains via this partnership and mix our strengths for brand spanking new enterprise alternatives.”
A Floor X consultant defined that the anchoring expertise of its Klaytn community will make sure the purity of the info offered by LG CNS’s Monachain blockchain and stated that the collaboration…