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South Korean Startup To Implement Blockchain Into Telecom Industry

16:10 21/09/2018

The team of the ICON startup has entered into a cooperation agreement with SK Planet, the leading South Korean telecom company, in order to implement blockchain technology into the communications industry, according to the ICON press release.



Thanks to the agreement, OK Cashbag and Syrup, the South Korean telecom operators, which are under the influence of SK Planet, will get an opportunity to apply distributed ledger. Moreover, the partners will collaborate to transform the structure of digital marketing and create roadmaps for the medium and long terms in order to improve the service quality in various areas.


The ICON team together with SK Planet plans to support small and medium-sized enterprises to develop the country's economy with the use of blockchain technology. Both companies will hold consultations with the scientific community.


Definitely, blockchain can be considered one of the key technologies that will contribute to the transformation of the telecom market. Cooperation between the two companies will create differentiated benefits for customers, the SK Planet head of marketing stated.



On Twitter, a reporter Joseph Young‏ commented on the partnership between the two companies and posted that SK Planet's services are used by almost a half of South Koreans, and the cooperation with ICON was made due to the strivings of the telecom corporation to start working in the field of cryptocurrencies.


As previously reported, Samsung SDS will introduce blockchain into the work of the Korea Customs Service. 

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