UTC-05:00,Sunday , September 27th 2020

Korea’s Biggest Bank KB To Partner With Multiple Enterprises In Blockchain Finance, Digital Assets

04:44 Friday , August 07th 2020
KB (Kookmin Bank), the largest bank in South Korea, has decided to advance the development of blockchain finance and digital assets in cooperation with multiple companies, including Hatch Labs, Hashed, Cumberland Korea, etc., Yonhap News reports.
KB said on August 7 that it has signed the business agreement with several enterprises to jointly apply blockchain to new fields, build the blockchain finance ecosystem, and solve problems brought by changes of digital asset regulations.
KB predicts that in the future, currency, real estate, art, and power will be issued in the form of digital assets, and that’s the reason the bank invests in blockchain technology.
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