<p>Zkrypto, a South Korean startup specializing in zero-knowledge proof technology, <a href="https://www.etnews.com/20230822000209" rel="noopener noreferrer nofollow">has entered</a> into a memorandum of understanding (MOU) with tech solutions firm LG CNS, an affiliate of the nation’s conglomerate LG Group. The partnership aims to develop blockchain-powered business models.</p><h2 id="header-0">From academia to industry</h2><p>Founded in 2020 by Oh Hyun-ok, a professor of Information Systems at Hanyang University, and Kim Ji-hye, a professor of Electrical Engineering at Kookmin University, Zkrypto has been involved in a variety of projects. These range from enhancing privacy features for the Bank of Korea’s central bank digital currency (CBDC) to building a blockchain-based voting system for the National Election Commission.</p><p>Meanwhile, LG CNS has been actively engaged in multiple blockchain initiatives, including a decentralized identity (DID)-enabled mobile employee ID system, a Token as a Service (TaaS) offering, and its own blockchain platform, Monachain. The company’s latest projects include the development of a platform designed for security token offerings.</p><h2 id="header-1">For corporate and retail customers</h2><p>By pooling their respective expertise, Zkrypto and LG CNS strive to create new value and offer innovative services to both corporate and retail customers.</p><p>Emphasizing the promising horizon of blockchain technology, an official from Zkrypto stated that the collaboration between the two companies is poised to explore new markets and opportunities.</p>

Zkrypto Partners with LG CNS to Develop Blockchain-Powered Business Models

Table of Contents

CoinNess Global

Other articles published on Aug 23, 2023

Citibank report touts CBDCs but ignores control concerns

Urgent: Vulnerable V2 Pools Identified in Balancer (BAL) – Users Urged to Withdraw LPs

Aptos’ New Token Standard: A Catalyst for APT Recovery?

Why is the crypto market down this week?

Limit Protocol is Officially Launched on Shido DeFi!

BlockFi Pushes Back On FTX And Three Arrows Capital Repayment

Join our free newsletter for daily crypto updates!