<p>Sejong Telecom <a href="https://view.asiae.co.kr/article/2023111407440573576" rel="noopener noreferrer nofollow">announced</a> that it is participating in the upcoming 2023 Blockchain Grand Week from Wednesday to Thursday in Seoul to showcase BBRIC — its blockchain-based security token offering (STO) service that tokenizes real estate profit rights — while securing business partners in the process.</p><h2 id="header-0">Leveraging blockchain technology in real estate</h2><p>BBRIC is built and operated on distributed ledger technology, which protects investors by digitizing their real estate profit rights and recording them on the ledger. This customizable solution enables enterprises to operate and manage the life cycle of an STO, including token issuance, investment product sales, investor deposits and transactions.</p><p>Corporate clients can seamlessly integrate BBRIC into their respective services or platforms to issue and trade security tokens, calculate dividends, conduct settlements and organize shareholder meetings. They can also securely manage tokens and digital wallets based on smart contracts.</p><p>“Our technology-intensive STO solution will be a great help to companies that are preparing STO-related projects,” said Park Hyo-jin, head of Sejong Telecom’s marketing strategy division.</p><h2 id="header-1">Bringing BBRIC to the masses</h2><p>The 2023 Blockchain Grand Week — hosted by the Ministry of Science and ICT and jointly organized by the National IT Industry Promotion Agency (NIPA), the Korea Internet and Security Agency (KISA) and the Institute of Information and Communications Technology Planning and Evaluation (IITP) — aims to promote the value of blockchain technology in enhancing trust in the digital age.</p><p>Additionally, Sejong Telecom plans to introduce BBRIC at SoftWave, the largest software exhibition in Korea, set to take place at the end of this month. This follows the company’s presentation at the Busan Blockchain City Conference, which showcased the feats of technological innovation in regulation-free zones. Sejong also seeks to expand its network and accelerate the commercialization of its service.</p><p>The company will also share updates on its submission for a proof of concept (PoC) project to the NIPA. This project involves building a blockchain-based platform for issuing and distributing security tokens and integrating systems for the utilization of mineral resources.</p><p>Sejong Telecom also recently partnered with enterprises like <a href="https://medium.com/&#64;coinness.gl/sejong-telecom-and-hyosung-tns-to-collaborate-on-real-estate-security-tokens-7879534120e7" rel="noopener noreferrer nofollow">Hyosung TNS</a> and <a href="https://medium.com/&#64;coinness.gl/sejong-telecom-to-collaborate-with-koreit-for-security-token-products-1ab70d8cee5d" rel="noopener noreferrer nofollow">KOREIT</a> to promote BBRIC and expand the products and services available on the platform.</p>

Sejong Telecom to showcase real estate STO platform at 2023 Blockchain Grand Week

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