IT Leader SK Holdings C&C Signs Memorandum of Understanding with Consensys to Further Blockchain Ecosystem

Tuesday, SK Holdings C&C announced a strategic alliance with blockchain leader ConsenSys by signing a memorandum of understanding (MOU) to develop new blockchain business models and further the development of the blockchain ecosystem in South Korea.

“With the MOU, we can improve our blockchain technology and greatly expand the service development ecosystem” said Lee Ki-yeol, Executive Vice President of SK Holdings C&C.

Read More: Wind River Teams With Renesas to Advance Autonomous Driving Applications

Both parties are excited to explore new ways to expand their enterprise blockchain services, and take steps to strengthen the industry. To leverage each other’s expertise, ConsenSys and SK Holdings C&C are working together on two early initiatives.

First, major services and platforms of ConsenSys will be ported onto CloudZ, an enterprise cloud service platform by SK Holdings C&C, allowing any company to develop blockchain services quickly. Second, both companies will work together to create training classes in cooperation with ConsenSys Academy, with curriculum developed to meet the needs of Korean blockchain developers.

Read More: Virtual Assistant Technology – Empowering the Human Workforce of Tomorrow

“We are excited to help initiate SK Holdings C&C’s enterprise blockchain journey on Ethereum,” said Joseph Lubin, founder of ConsenSys and co-creator of Ethereum. “As a company we recently launched PegaSys’ Pantheon Core — written in Java with an enterprise-friendly Apache 2.0 license — as part of our larger goal to build enterprise-grade solutions. Very soon, SK Holdings C&C will be able to develop end-to-end Ethereum blockchain solutions across their numerous industry verticals.”

Read More:  5G NR: Inseego and Verizon Demonstrate Virtual Reality Telemedicine over 5G at Qualcomm Snapdragon Technology Summit in Maui