• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
No Result
View All Result
No Result
View All Result
Home Ecosystem & Lists

Top 3 Korean blockchain startups that are re-defining the blockchain industry

James Jung by James Jung
May 30, 2022
in Ecosystem & Lists
5
Blockchain

The South Korean government has announced its intention to invest more in blockchain technology, thus encouraging Korean startups and sectors to adapt the technology.

0
SHARES
315
VIEWS
Share on FacebookShare on Twitter

Decentralized finance will play an integral role in the coming years with billions of unbanked customers across the world. However, the crypto world faces a number of challenges, such as unintuitive UI, bad product design, and the difficulty of private key management that will require continuous addressing. Interestingly, the Korean blockchain market for industries such as FinTech, insurance, logistics, health, social media and IP rights has been thriving in the last few years. Many Korean Blockchain startups are helping drive Blockchain adoption in South Korea. They have established themselves as market leaders in their field, working tirelessly to improve user experience and building a seamless financial system.

Koreatechdesk.com explores the top 3 blockchain startups that are hugely popular and successful.

1. Terra

Founded in 2019 by Daniel Shin, Korean Blockchain startup Terra‘s vision is to create the next-gen modern financial system on the blockchain. The payment network adopts a price-stable cryptocurrency as its medium of exchange and is designed for mass adoption. Terra stands apart from the other stablecoin payment networks by using a price-stable digital currency to complement both existing fiat and cryptocurrencies. If you don’t know much about digital currency then take a look at this review on a Chinese currency called Yuan and learn why they might be a good investment opportunity.

Terra’s payment platform offers convenient fiat onboarding and offboarding and also provides attractive discounts for every transaction. This works as an attractive incentive for consumers to switch to Terra. This discount strategy is supported by the network’s growth, which leads to the algorithmic growth of stablecoin Terra’s supply. The company has built a strong alliance of e-commerce giants with a customer base of 45 million users and combined Gross Merchandise Value (GMV) of $25 billion. The company plans to target e-Commerce platforms through the Terra Alliance, which is a group of global e-Commerce partners to initiate mass adoption and the use of Blockchain payment systems.

2. Blocko

Korean startup Blocko was founded in 2014 by Allan J. Kim and Won-Beom Kim and focuses on providing a Blockchain system for transaction validation, user authentication, wallet management and micropayment solutions. The startup offers multinational organizations the ability to manage and design digital services on a secure network. The firm launched a blockchain platform called Aergo Enterprise that aims to address the growing need for data sharing between industries and companies. Aergo has since then been deployed by over 10 companies both in Korea and abroad. Besides this, the startup aims to offer various blockchain-based solutions to be used in difficult areas such as smart grids and dark data. It recently raised around $7.44 million in a Series B round. The firm has collaborated with several national institutions like the Bank of Korea, Hyundai, the Korea Electronics and Telecommunications Research Institute and the nation’s stock exchange.

3. Chain Partners

Chain Partners was founded in 2017 by Charles Pyo to build a company that specializes in blockchains and cryptocurrencies. It offers compliant, crypto financial services for large organizations and individuals. The startup provides real-world blockchain solutions in governance, mining, tools and infrastructure. It has raised $14 million to date. Acknowledging the growth of decentralized finance, the company aims to leverage the skills and operating know-how to offer seamless user experience and a high level of security. The Chain Partners research program examines digital assets for institutional finances. It regularly publishes quality reports on blockchain and digital assets trends. The future goals of the startup include building secure flat-to-crypto onramps, easy-to-use digital wallets and a legally compliant payment platform.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Blockchain startupsCryptocurrencyFinanceKorean StartupsTop 3
Previous Post

Central Asia can have a booming FinTech sector by following Southeast Asia’s success

Next Post

Woowa Brothers: The Korean food-delivery app business’ journey from being a unicorn to a dynamic global acquisition deal

Next Post
Woowa Brothers: The Korean food-delivery app business’ journey from being a unicorn to a dynamic global acquisition deal

Woowa Brothers: The Korean food-delivery app business’ journey from being a unicorn to a dynamic global acquisition deal

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
5 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
925 Sterling silver womens necklace
2 months ago

… [Trackback]

[…] Find More Info here on that Topic: koreatechdesk.com/top-3-korean-blockchain-startups-that-are-re-defining-the-blockchain-industry/ […]

0
trackback
dumps store
18 days ago

… [Trackback]

[…] Read More Information here on that Topic: koreatechdesk.com/top-3-korean-blockchain-startups-that-are-re-defining-the-blockchain-industry/ […]

0
trackback
Nos meilleurs conseils sur l’emprunt OnlineNos meilleurs conseils sur le crédit en ligne
16 days ago

… [Trackback]

[…] Find More on that Topic: koreatechdesk.com/top-3-korean-blockchain-startups-that-are-re-defining-the-blockchain-industry/ […]

0
trackback
DevOps Services company
16 days ago

… [Trackback]

[…] Read More on to that Topic: koreatechdesk.com/top-3-korean-blockchain-startups-that-are-re-defining-the-blockchain-industry/ […]

0
trackback
car hho kit/47% Fuel-Saving Plug-N-Play HHO Kit HHO generator Hydrogen kits for cars trucks
14 days ago

… [Trackback]

[…] Read More Info here on that Topic: koreatechdesk.com/top-3-korean-blockchain-startups-that-are-re-defining-the-blockchain-industry/ […]

0
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • Top Korean Dating apps that can help you make new connections in South Korea

    12 shares
    Share 12 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top 3 Websites where you watch Korean drama & movies

    12 shares
    Share 12 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean startups that are putting the planet first

    0 shares
    Share 0 Tweet 0
  • Leading telemedicine platform Dr. Now attracts $ 31 million Series B investment

    0 shares
    Share 0 Tweet 0
  • Korean Ministry selects 60 promising startups for the ‘Baby Unicorn’ project 2022

    0 shares
    Share 0 Tweet 0
  • Korean startup Voithru’s global expansion platform JAMAKE allows YouTube influencers to truly own the world

    1 shares
    Share 0 Tweet 0
  • Proptech startup Zigbang receives $27 million investment from VC Association fund

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Posting....
wpDiscuz
5
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.