Hybrid blockchain scaling base-layer protocols company Orbs, has announced that it has established a partnership with Ground X, the blockchain subsidiary of leading South Korean internet company Kakao, for research, development, and business cooperation.
Orbs has also opened headquarters in Seoul – with five full-time employees hired to drive further business development in the Asian region.
Orbs’ Branching out into South Korea, a leading global blockchain hub, demonstrates a commitment to tapping into the country’s significant blockchain talent to spearhead technical innovation in the space worldwide.
Orbs will collaborate with Ground X to conduct research and development on shared blockchain components, such as a crypto library, mutual security audits, and autonomous swaps, an advancement that would facilitate decentralized interoperability of cryptocurrency assets. Additionally, the two teams will compose joint research papers and conduct peer review on code vital to the core development initiatives of both blockchain infrastructures. Orbs and Ground X will also support one another’s business development. This work will be complemented by the opening of Orbs’ Seoul headquarters this month. The new location has hired five full-time employees to manage marketing and community relations efforts, in addition to strategic partnerships and business development work.
Orbs Co-founder Uriel Peled said: “It’s no coincidence that Orbs decided to open its first office outside of Israel. With leading conglomerates such as Kako entering the space, South Korea is currently leading the pack when it comes to innovation and development in the blockchain space and has the potential to become the ‘blockchain nation.’ Partnering with Ground X on innovative blockchain development will facilitate the continued evolution of both of our platforms, and enable those at the forefront of dApp development to experience unrivalled security, liquidity and scalability. In addition, by opening our office in Seoul, we are cementing our presence in a region that we view as fundamental to blockchain’s future.”
Ground X, a subsidiary of South Korean internet conglomerate Kakao, is a blockchain business development unit focused on developing a reliable and scalable platformto meet the constantly-evolving needs of major players in the space. The company is in the process of recruiting partners to establish a collaborative environment in which blockchain solutions can be tested and appraised, with the goal of making them as user-friendly as possible prior to extending their use to wider industry.
Ground X CEO Jason Han said: “Ground X’s partnership with an industry leader of the technical sophistication of Orbs represents a significant step forward for the blockchain space both within South Korea’s borders and globally. Through our long-term collaboration, we look forward to building a collaborative network that will advance our mission of leveraging blockchain technology to drive private and public sector innovation within Asia and elsewhere. Ground X is also proud to have Orbs as our local partners in Israel to further establish and solidify our presence in another global technology hub.”
Han added: “This MOU with Orbs is a part of Ground X’s plan to form the Blockchain Tech Alliance. Ground X is planning to collaborate with other outstanding local and global blockchain tech companies and institutions to develop a high-end blockchain platform and to create a sound blockchain ecosystem. We will not only be covering technologies of blockchain platforms, but also building a collaborative network covering diverse areas including security and DApp technologies.”
- DNAtix Sets a New Record: Compresses DNA Sequences to 99 per cent of Original Size – September 12, 2018
- Blockchain Startup Femergy Launches Global Entrepreneurship Platform To Tackle Tech Gender Gap – September 12, 2018
- First Crypto Marathon held in Lithuania – Runners win Tokens – September 11, 2018
- EU Holds Off on Crypto Regulation – September 11, 2018
- European Parliamentarians Propose EU-Wide ICO Regulatory Framework – September 6, 2018
- Former Prime Minister of Estonia Becomes New Chairman of Blockchain Startup Lympo – September 6, 2018
- Warhol Goes Crypto – Multi Million Dollar Group Sale to 100 Participants Using Blockchain-Fueled Maecenas Platform – September 5, 2018
- Credits and Lenovo to join forces on the Internet of Things – September 5, 2018
- Blockchain Startup Wala Wins 2018 Zambezi Prize for Innovation in Financial Inclusion – September 5, 2018
- Stellar Lumen Joins Lykke Exchange – September 3, 2018
- Arteïa, The Ultimate Decentralized Cataloging Solution To Manage The Value Of Art Collections – August 30, 2018
- Neon Exchange (NEX) – First Regulated Exchange Security Token in Europe – Announces ICO – August 30, 2018
- Evident Proof Passes Smart Contract Audit with a 100 Percent Score – August 29, 2018
- Blockchain Platform Orbs Marks Strategic Expansion Into South Korea – August 29, 2018
- Lisk Rolls Out Lisk Core 1.0 to Mainnet – August 29, 2018
- One in Four Smart Contracts Have Critical Vulnerabilities – AmaZix and Hosho partner to bring further security to the crypto community – August 29, 2018
- PlayChip Ecosystem Hits One Million Global Users – Online Gamers Embracing Cryptocurrency – August 28, 2018
- Ethos Unveils Bedrock, A Revolutionary Platform Connecting Financial Institutions With the Blockchain – August 28, 2018
- PwC survey: 84% of companies now using blockchain, so what does the future hold? – August 28, 2018
- Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currency – August 28, 2018